ent Co Ltd, and China Shipbuilding Industry Corp, accordin
g to data from the State-owned Assets Supervision and Administration Commission.
David Lipton, the International Monetary Fund’s first deputy managing director, sa
id: ” (China’s) Credit growth and corporate debt have been reduced thanks to concerted efforts to strengthen fin
ancial regulation, reduce regulatory arbitrage, and improve the framework for financial supervision.”
His statement came after the IMF published a report forecasting that China’s economic growth is expected to mo
derate to 6.2 percent this year, down from 6.4 percent in the first quarter, as uncertainty around trade tensions re
mains high and risks are tilted to the downside. Inflation, in the meantime, is projected to rise to 2.3 percent.