China's debt levels are manageable - stats bureau
BEIJING, Jan 20 (Reuters) - China's debt levels are manageable, the statistics bureau said on Friday.
Ning Jizhe, head of the National Statistics Bureau, made the comment in a news conference in Beijing.
Data on Friday showed the economy grew by a faster-than-expected 6.8 percent in the fourth quarter, boosted by higher government spending and record bank lending which has led to an explosive increase in debt.
China's corporate debt has climbed to 169 percent of GDP and international institutions have repeatedly urged Beijing to act quickly to tackle the problem in order to avoid a financial crisis.
(Reporting by Kevin Yao; Editing by Kim Coghill)
