China should deleverage with prudence: central bank paper

View of the headquarters of the People’s Bank of China (PBOC), China’s central bank, in Beijing, Jan 12, 2017. [Photo/VCG] BEIJING – China should prudently manage its deleveraging process to avoid a liquidity crisis or asset bubbles, according to the central bank. “Although high leverage may lead to systemic financial risks, the crisis thresholds are statistically…