China Inc tightens reins on debt, raises spectre of slowdown
(WorldNews Business)

SHANGHAI: Debt growth for Chinese companies has slowed to the lowest rate in more than a decade, according to Reuters analysis, which could provide relief for policymakers worried about the fallout from years of loose lending practices across the economy. But this growing caution about taking on new debt, along with tighter profit margins and slowing revenue growth, could point to rising risks facing the world´s second largest economy amid fears of a slowing growth. The overall debt levels of Chinese companies grew three per cent in the first quarter of this year, according to analysis by Reuters of 1,843 firms listed in Shanghai and Shenzhen, the slowest pace in at least 13 years. Combined...