China will focus on lowering leverage ratios among state-owned firms to reduce debt risks

China state planner out with a statement 25 Sept

• will push fwd with market-based debt-to equity swaps
• as of 22 Sept value of debt to equity swaps in China have exceeded 1.3trln yuan
• China state planner will further support mergers and acquisitions among firms
• overall leverage ratio growth is slowing and stabilising

Zzzzzzzzzzzzzz. I really must get myself a proper job.

"So, what do you make of the latest debt to equity leverage report?" Does it involve bamboo?"