Format:
1 Online-Ressource (circa 44 Seiten)
,
Illustrationen
ISBN:
9781475545289
Series Statement:
IMF working paper WP/16, 203
Content:
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
Additional Edition:
Erscheint auch als Druck-Ausgabe Maliszewski, Wojciech Resolving China's Corporate Debt Problem Washington, D.C. : International Monetary Fund, 2016 ISBN 9781475545289
Language:
English
Keywords:
Arbeitspapier
;
Graue Literatur
DOI:
10.5089/9781475545289.001
URL:
Volltext
(kostenfrei)
URL:
Volltext
(kostenfrei)
Author information:
Zhang, Longmei 1984-
Author information:
Garrido, José María 1965-
Author information:
Arslanalp, Serkan 1976-
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