China has ample room to maneuver on debt - FX Regulator

China has ample room to maneuver on debt and will take a paced approach toward deleveraging, a deputy head of the country's foreign exchange regulator said on Friday, according to Reuters. 

China is very serious about tackling debt risks, Xuan Changneng, a deputy head of the State Administration of Foreign Exchange told reporters at the Boao Forum.

Changneng's comments come at a time when the policymakers are widely expected to roll out stimulus measures to counter the economic slowdown. The policymakers, however, made it clear earlier this year that a "flood-like" stimulus, which increases debt risks, is unlikely.