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)