China’s state asset regulator vows to ensure debt risks of centrally administered state firms controllable

BEIJING – China’s state asset regulator vowed on Tuesday to ensure that the debt risks of centrally administered state-owned enterprises are controllable.

Peng Huagang, spokesman for the State-owned Assets Supervision and Administration Commission, told a news conference that the commission will push the liability ratio of deeply indebted firms back to a reasonable level as soon as possible.

(Reporting by Beijing Newsroom, Editing by Louise Heavens)