China's emphasis on deleveraging to abate amid additional pressure from virus

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China's deleveraging efforts may slacken this year as the country needs to step up credit growth to counter the negative impact of the coronavirus outbreak on economic growth.

China may face a tougher deleveraging task this year, compared with last year, in light of the economic stability measures for curbing the virus, said Zhang Xiaojing, deputy head of the National Institution for Finance and Development (NIFD) under the Chinese Academy of Social Sciences, a top state think tank.

Zhang said the overall leverage ratio may increase by 10 percentage points this year, due to . . .

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