China's top leaders throw weight behind push to control debt

Beijing

CHINA'S top leaders said they will effectively control leverage next year and prevent major risks, stepping up their pledges to ensure stability amid rising debt.

Authorities will aim to give more support to the real economy and promote higher-quality and more efficient development, according to the official Xinhua News Agency, citing a statement late Friday after a Communist Party Politburo meeting led by President Xi Jinping.