Sasac chief Xiao Yaqing says the regulator will use various means to cut debt ratios. Photo: Xinhua

China to hack away at zombies and state firms’ debt in battle against financial risk

Sasac chief also sees more debt-to-equity swaps, diversified fundraising and private investment on the horizon

Topic |   China's Two Sessions 2018

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Sasac chief Xiao Yaqing says the regulator will use various means to cut debt ratios. Photo: Xinhua
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