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China's overall leverage ratio is still growing, but at a slower pace. Overall leverage was 257.8 percent of GDP at the end of the first quarter of 2017, slightly up from 257 percent at the end of 2016. The non-financial corporate leverage ratio declined to 165.3 percent at the end of March from 166.3 percent at the end of 2016, according to BIS.

China's economy can maintain steady and healthy development in 2019, although the November economic data indicates that downward pressure is piling up, the spokesman for the National Bureau of Statistics said on Friday.

China's fight against terrorism and extremism is an important part of the same battle being waged by the international community, the white paper said, adding that it is in keeping with the purposes and principles of the United Nations to combat terrorism and safeguard basic human rights.

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 consumer inflation will further ease in the rest of the year, providing policy opportunities for Beijing to cement the country's nascent recovery in market demand, experts said on Wednesday.