Resolving China's Corporate Debt Problem /

Corporate credit growth in China has been excessive in recent years. This credit boom is related to the large increase in investment after the Global Financial Crisis. Investment efficiency has fallen and the financial performance of corporates has deteriorated steadily, affecting asset quality in f...

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Autor principal: Maliszewski, Wojciech
Altres autors: Arslanalp, Serkan, Caparusso, John, Garrido, Jose
Format: Revista
Idioma:English
Publicat: Washington, D.C. : International Monetary Fund, 2016.
Col·lecció:IMF Working Papers; Working Paper ; No. 2016/203
Accés en línia:Full text available on IMF
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100 1 |a Maliszewski, Wojciech. 
245 1 0 |a Resolving China's Corporate Debt Problem /  |c Wojciech Maliszewski, Serkan Arslanalp, John Caparusso, Jose Garrido. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2016. 
300 |a 1 online resource (43 pages) 
490 1 |a IMF Working Papers 
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500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a Corporate credit growth in China has been excessive in recent years. This credit boom is related to the large increase in investment after the Global Financial Crisis. Investment efficiency has fallen and the financial performance of corporates has deteriorated steadily, affecting asset quality in financial institutions. The corporate debt problem should be addressed urgently with a comprehensive strategy. Key elements should include identifying companies in financial difficulties, proactively recognizing losses in the financial system, burden sharing, corporate restructuring and governance reform, hardening budget constraints, and facilitating market entry. A proactive strategy would trade off short-term economic pain for larger longer-term gain. 
538 |a Mode of access: Internet 
700 1 |a Arslanalp, Serkan. 
700 1 |a Caparusso, John. 
700 1 |a Garrido, Jose. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2016/203 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2016/203/001.2016.issue-203-en.xml  |z IMF e-Library