Source: South China Morning PostChina is set to resume its deleveraging campaign this year, but at a modest pace, as it seeks to balance financial risks with putting excessive downward pressure on an economy still recovering from the coronavirus shock of a year ago.The government’s work report said deleveraging was one of the “five major tasks” for the government in 2021, with a goal of keeping overall leverage – the ratio of debt to gross domestic product (GDP) – “generally stable”.Beijing’s renewed emphasis on debt…Read More