Bulletin – June Quarter 2017 Conditions in China's Listed Corporate Sector Abstract

The financial statements of listed companies provide a detailed insight into the broader conditions faced by businesses in China. Listed firms have deleveraged over the past few years, although declining profitability has reduced their capacity to cover interest payments, especially for state-controlled firms. High leverage and declining profitability in the real estate and construction sectors remain a concern, especially given these sectors have been a key driver of economic growth in recent years.

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