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China's non-financial SOEs have a high rate of leverage. Data from the Chinese Academy of Social Sciences showed that the leverage ratios of financial institutions and non-financial institutions were 21 percent and 156 percent respectively at the end of 2015. The Economic Information Daily reported earlier that SOEs were responsible for about 60 percent of China's corporate debt.
China's goods trade totaled .62 trillion last year, up 12.6 percent year-on-year, faster than that of major trading nations like the United States, Germany and Japan as well as the average rate of major economies.
China's economic strategy will focus on creating a highly competitive domestic market, high-value goods, high wages
China's consumer price index, a main gauge of inflation, grew 2.7 percent year-on-year in July, up from 2.5 percent from the previous month, the National Bureau of Statistics said on Monday.
China's outbound FDI, however, dropped sharply in the first two months of 2017 as Chinese regulators set stricter rules to crack down on irrational or illegal outbound investment activities amid mounting pressure of capital outflow.
