Debt over as­set ra­tio down in H1

China Daily (Hong Kong) - - BUSINESS -

Ef­forts to cut lever­age ra­tios have started to bear fruit, as debt over as­set ra­tio of ma­jor in­dus­trial en­ter­prises de­clined in the first half, the Na­tional Devel­op­ment and Re­form Com­mis­sion said on Tues­day. By the end of June this year, debt to as­set ra­tio of China’s ma­jor in­dus­trial en­ter­prises stood at 55.9 per­cent, down by 0.8 per­cent­age points com­pared to the same pe­riod last year, data from the Na­tional Bureau of Statis­tics showed. More than 70 en­ter­prises in over­ca­pac­ity sec­tors have

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