The risks from debt in China are "totally controllable" but there are challenges that must be given serious consideration, such as the accelerating growth of corporate debt, state news agency Xinhua quoted Vice Finance Minister Zhu Guangyao as saying.
The government had already adopted a number of measures to prevent and resolve corporate debt risk, particularly as it relates to state-owned enterprises, Zhu was quoted as saying on Monday.
Publicly available data, including from the International Monetary Fund, "reflect the fact that China's debt risk is totally controllable," Zhu said.
"Of course, challenges also exist, such as the recent phenomenon of corporate debt growth that is too fast, which needs to be taken seriously and (watched for) vigilantly."
