TY  - BOOK
AU  - Maliszewski,Wojciech
AU  - Arslanalp,Serkan
AU  - Caparusso,John
AU  - Garrido,José María
AU  - Guo,Si
AU  - Kang,Joong Shik
AU  - Lam,W.Raphael
AU  - Law,Tak Yan Daniel
AU  - Liao,Wei
AU  - Rendak,Nadia
AU  - Wingender,Philippe
AU  - Yu,Jiangyan
AU  - Zhang,Longmei
ED  - International Monetary Fund,
ED  - International Monetary Fund.
TI  - Resolving China corporate debt problem
T2  - IMF working paper,
SN  - 9781475545289
AV  - HG3881.5.I58 W67 No. 16/203eb
U1  - 658.1526 23
PY  - 2016///]
CY  - [Washington, D.C.]
PB  - International Monetary Fund
KW  - Corporate debt
KW  - China
KW  - Credit
KW  - Financial risk management
KW  - fast
KW  - Sociétés
KW  - Dettes
KW  - Chine
KW  - Crédit
KW  - Finances
KW  - Gestion du risque
KW  - Electronic books
N1  - "October 2016."; At head of title: International Monetary Fund, Asia and Pacific Department; Includes bibliographical references (pages 39-40); Cover; Contents; I. Introduction; II. How Significant is the Problem?; III. What is Behind the Rapid Credit Growth?; IV. Charting the Way Out; A. Authorities' Plans; B. Comprehensive Strategy; C. Elements of the Comprehensive Strategy; V. Supportive Measures; A. Enhancing the Legal Framework; B. Easing the Transition; C. Facilitating Market Entry; D. Strengthening Fiscal Discipline for Local Governments; VI. Illustrative Scenarios; VII. Conclusion; Table; 1. Resolving Zombie Companies across Selected Provinces; Figures; 1. Credit Boom and Adjustment: Regional Impact; 2. China Deleveraging ScenariosAppendices; I. Using a Pilot Program to Restructure State-Owned Enterprises; II. Modalities of Debt Restructuring; III. China's 1998-2003 Previous Restructuring Experience; IV. Recent Near-Default Cases; V. Corporate Restructuring in Central and Eastern Europe; VI. Korea's Experience with Corporate and Debt Restructuring; VII. Estimating the Impact of Restructuring; VIII. Managing Local Government Debt-International Experiences; IX. Projecting Growth and Credit under Different Scenarios; References
N2  - 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
UR  - https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=1428970
ER  -