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BEIJING, July 25 (Xinhua) -- While China's better-than-expected growth data in recent months has prompted global institutions such as the IMF to raise GDP forecasts for the country, policymakers are calling for more attention to hidden risks in the economy.
In a meeting of the Political Bureau of the Communist Party of China (CPC) Central Committee on Monday Kenny Stills Jersey , the Chinese leadership stressed that there were still contradictions and problems within the economy despite positive changes.
"Authorities should stay sober-minded and maintain strategic focus to address hidden risks and promote sustained and sound development," said a statement released after the meeting.
Among the top priorities, the leadership said more market-oriented measures would be adopted to handle "zombie companies" -- unprofitable firms burdened with debt, and local government financing activities will be further regulated to curb growth in hidden debt.
The latest emphasis on containing debt build-up showed strong resolve at the top level to defuse the long-standing threat Ryan Tannehill Jersey , analysts said.
China's mounting debt pile, which soared during an investment and construction binge following the global financial crisis in 2008, is seen as a major threat to financial stability, especially at times when the Chinese economy is under downward pressure.
A recent report from the Chinese Academy of Social Sciences called for more effort against the growth of hidden debt Cameron Wake Jersey , even though the government's explicit leverage ratio is heading downwards amid intensifying efforts to deleverage the economy.