ANBOUND Consulting has been the strong advocate of a steady and prudent economic development in China.

Overall, the deleveraging in China is a long and tortuous process and it should not be completed hastily over a short period through the extreme measures of banks' closure, financial market plunge, and rise in unemployment rate.

Deleveraging is an extremely slow, tortuous process with the core problem being the contradiction between deleveraging and the need to maintain a proper growth rate.

Therefore, the deleveraging in China should stay prudent and balanced.