Debt level at China's central SOEs under control: regulator

The overall debt level of China's centrally administered state-owned enterprises is under control and in steady decline, the country's state assets regulator said on Saturday.

Xiao Yaqing, head of State-owned Assets Supervision and Administration Commission (SASAC), made the remarks at a press conference on the sidelines of the annual legislative session.

The debt level of Chinese central SOEs has been effectively controled over recent years, with the average debt-to-asset ratio at 66.3 percent at the end of 2017, 0.4 percentage points lower from a year ago, according to Xiao.