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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 foreign exchange reserves fell 0.85 percent in February following 12 consecutive months of rises, coming in at .134 trillion, according to earlier PBOC data.
China's economic growth is likely to contract sharply in the first quarter and the policy focus in the coming months should be on containing the risk of rising unemployment and preventing temporary shocks caused by the novel coronavirus outbreak from becoming permanent damage, economists said.
China's joint efforts with Latin America region have room to grow, forum told
China's foreign exchange reserves rose to .112 trillion in June, bolstered by an increase in the value of its US Treasury holdings, which ended a two-month decline, the central bank said on Monday.
来源：资阳报