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Defenders of Huawei counter that the US is concerned with Huawei dominating in 5G, and that is way it is pursuing restrictions on the company for geopolitical reasons.
David Lipton, the International Monetary Fund's first deputy managing director, said: " (China's) Credit growth and corporate debt have been reduced thanks to concerted efforts to strengthen financial regulation, reduce regulatory arbitrage, and improve the framework for financial supervision."

Data from the National Bureau of Statistics showed total retail sales of consumer goods exceeded 38 trillion yuan in 2018, up nine percent compared with the previous year. Consumption meanwhile accounted for 76.2 percent of the nation's GDP, a year-on-year rise of 18.6 percent.
Debt of companies in overcapacity sectors, such as coal, steel, cement, plated glass, aluminum and solar power, represents a share of 16 percent, the paper reported.
David Wang, head of China economics at Credit Suisse, said another cut in the reserve requirement ratio — which will reduce funds banks keep in vaults and boost lending — may be conducted later this year.
来源:资阳报