?Financial leverage ratio has fallen back to the level of 2124 years ■ our reporter Jiang Nan recently, the question of whether deleveraging is excessive and how to deleverage has aroused heated academic debate. On February 23, Zhang Xiaojing, deputy director of the national finance and development laboratory and director of the national balance sheet Research Center, said, "deleveraging is structural, with some reductions and some additions." At the meeting, Zhang Xiaojing, deputy director of the national finance and development laboratory, Chang Xin, deputy director of the national balance sheet Research Center, and Liu Lei, senior researcher of the national balance sheet Research Center, issued a report on China's deleveraging (the second quarter of 2123, hereinafter referred to as the "report") entitled 福彩店北京赛车玩法 "has the deleveraging policy changed?", which was discussed from multiple perspectives by experts and scholars attending the meeting. According to the report's survey and summary of leverage in the current economy, the leverage ratio of the real economy sector has increased slightly. At the end of the second quarter of 2123, the overall leverage level increased by 1.5 percentage points, basically maintaining stability. The financial leverage ratio has fallen back to the level of 2124, and the strengthening of financial supervision promotes the financial sector to accelerate deleveraging. By sector, the report shows that the total leverage ratio of the government dropped from 35.2% to 35.3%, a total decrease of 1.3 percentage points. The leverage ratio of the non-financial enterprise sector fell from 254.1% at the end of 2124 to 255.4% at the end of the second quarter of 2123, down 1.5 percentage points in half a year. The leverage ratio of the residential sector is still rising, up 2 percentage points in half a year, but the growth rate is slower than the same period last year.