An increase in corporate indebtedness is the first step towards a turn in the credit cycle, according to analysts, especially in the context of corporate profitability and cash flow having already hit a peak in the current cycle.

• 分析人士表示，企业负债增加是信贷周期走向拐点的第一步，在企业盈利能力和现金流在当前周期中均已达到峰值的背景下更是如此。