ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Chinese President Xi Jinping at the opening session of the Chinese People's Political Consultative Conference at the Great Hall of the People in Beijing on Saturday.   © Reuters
Politics

China's debt overhang tests Xi's 'quality growth' strategy

Solutions offered at annual congress favor state control over market mechanisms

ISSAKU HARADA, Nikkei staff writer | China

BEIJING -- China's debts are manageable, Premier Li Keqiang said at Monday's opening of the annual National People's Congress, but the mountains of debt amassed by Chinese businesses and local governments remain the biggest economic challenge facing President Xi Jinping in his second term.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more