Head of PBOC's statistics department, writing in the Financial News (a newspaper run by the PBOC itself)

  • leverage ratio has stabilized
  • debt increase in the seen in Q1 has slowed

China to hold leverage ratio under control

  • And to keep liquidity reasonably ample
  • Reasonable growth in credit supply and social financing

Note:

  • high external risks, domestic demand easing risk to China's economy