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China's childcare industry had an estimated value of 193 billion pounds (9 billion) in 2015. The market is expected to grow to 370 billion pounds by 2020.
China's liabilities had been rising rapidly during previous years, with the macro leverage ratio rising 13.5 percentage points each year from 2012 to 2016.
China's further financial opening-up may be affected by the wait-and-see mood among global investors amid the China-US trade disputes, said some experts.
China's overall debt-to-GDP ratio -- the macro leverage level -- had dropped to 249.4 percent by the end of 2018, 1.5 percentage points lower than a year earlier, as the authority has tightened financial regulations and cracked down on shadow banking, said governor of the central bank Yi Gang at a news conference during the 13th National People's Congress.
China's economy has shown signs of firming, reinforced by an expanding manufacturing sector, rising corporate profits, increased rail freight volume, and higher machinery sales.
来源：资阳报