Resolving China 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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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autores principales: Maliszewski, Wojciech (Autor, (IMF staff)), Arslanalp, Serkan, 1976- (Autor, (IMF staff)), Caparusso, John (Autor, (IMF staff)), Garrido, José María (Autor, (IMF staff)), Guo, Si (Autor, (IMF staff)), Kang, Joong Shik (Autor, (IMF staff)), Lam, W. Raphael (Autor, (IMF staff)), Law, Tak Yan Daniel (Autor, (IMF staff)), Liao, Wei (Wei Carol), 1979- (Autor, (IMF staff)), Rendak, Nadia (Autor, (IMF staff)), Wingender, Philippe (Autor, (IMF staff)), Yu, Jiangyan (Autor, (IMF staff)), Zhang, Longmei, 1984- (Autor, (IMF staff))
Formato: Electrónico eBook
Idioma:Inglés
Publicado: [Washington, D.C.] : International Monetary Fund, [2016]
Colección:IMF working paper ; WP/16/203.
Temas:
Corporate debt > China.
Credit > China.
Financial risk management > China.
Sociétés > Dettes > Chine.
Crédit > Chine.
Finances > Gestion du risque > Chine.
Corporate debt
Credit
Financial risk management
China
Acceso en línea:Texto completo
Descripción
Sumario: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.
Notas:"October 2016."
At head of title: International Monetary Fund, Asia and Pacific Department.
Descripción Física:1 online resource (43 pages) : color illustrations
Bibliografía:Includes bibliographical references (pages 39-40).
ISBN:9781475545289
1475545282
147554538X
9781475545388
ISSN:1018-5941 ;

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