Sunday, July 19, 2015

Debts of Chinese companies is estimated at $ 16.1 trillion – REGNUM

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Beijing, July 19, 2015, 18:25 – REGNUM Reuters has worried the debt of Chinese companies, which amounted to $ 16.1 trillion. And after five years, this figure will rise to $ 28.8 trillion.

Standard & amp; Poor’s estimates that h adolzhennosti Chinese companies now stands at 160% of GDP. However, this did not prevent the head of the World Bank, Jim Yong Kim to announce that China will remain the engine of the world economy and be able to demonstrate an annual GDP growth of 7%. «In the light of the recent fluctuations in the stock market, I would like to stress that the Chinese economy remains strong and its base is in good condition” – leads his Tass statement made after the meeting with the prime minister of the State Council of China Li Keqiang, which took place on July 16.

In turn, Li Keqiang said that the important indicators in recent months have increased rapidly again, there are good trends in the field of urbanization continues to expand domestic demand, consistently achieved optimization of the structure of production, in parallel with the economy growing incomes, transfers agency «Xinhua».

Beijing intends to tighten control over the stock market. July 17 China Securities Finance Corp has received funding for this purpose in the amount of 2.5 trillion to 3 trillion yuan ($ 483 billion), reports Bloomberg.

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