China calls a halt to deleveraging

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China has achieved its goals in its structural deleveraging campaign, the country’s banking and insurance regulator said on February 25, as volumes of shadow banking and other shady wealth management products continue to shrink.

The banking regulator will set up a mechanism to boost banks’ lending to the real economy, especially small and privately-owned companies, which suffered the most during the deleveraging campaign, according to a statement by the China Banking and Insurance Regulatory

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