Via the AFR:
Treasurer Scott Morrison believes China’s ability to safely defuse its growing debt burden has improved after seeking personal assurances from one of Beijing’s most senior leaders that deleveraging won’t derail the best synchronised global economic upswing this decade.
As an ever-rising list of senior policy makers ring alarm bells over debt levels within Australia’s largest trade partner, Mr Morrison used an economic dialogue in Beijing over the weekend to pursue the subject with the chairman of the powerful National Development and Reform Commission, He Lifeng.
