China Press: Govt setting up ministry-level initiatives to reduce corporate debt

China press reports that there is urgency in China to reduce corporate debt levels and hence, the Chinese authorities are setting up ministry-level initiatives, which is seen as the top priority.

No further details are mentioned on the above news.

Meanwhile, leaders of the Communist Party gather this week in Beijing for the annual meeting of the party's Central Committee. Markets speculate that the rising corporate debt issue will be addressed as well at this plenum.