05427oam 22014174 450 991015489890332120230808205508.01-4755-4529-01-4755-4538-X(CKB)4340000000018108(MiAaPQ)EBC4745306(IMF)WPIEA2016203(EXLCZ)99434000000001810820020129d2016 uf 0engurcnu||||||||rdacontentrdamediardacarrierResolving China’s Corporate Debt Problem /Wojciech Maliszewski, Serkan Arslanalp, John Caparusso, Jose Garrido, Si Guo, Joong Kang, Waikei Lam, Daniel Law, Wei Liao, Nadia Rendak, Philippe Wingender, Jiangyan Yu, Longmei ZhangWashington, D.C. :International Monetary Fund,2016.1 online resource (44 pages) illustrations, tables, graphsIMF Working Papers1-4755-4528-2 Includes bibliographical references.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.IMF Working Papers; Working Paper ;No. 2016/203Corporate debtChinaCreditChinaFinancial risk managementChinaBanks and BankingimfFinance: GeneralimfMoney and Monetary PolicyimfIndustries: Financial ServicesimfBudgetingimfInvestmentimfCapitalimfIntangible CapitalimfCapacityimfIndustrial Organization and Macroeconomics: Industrial Structure and Structural ChangeimfIndustrial Price IndicesimfCorporation and Securities LawimfMonetary Policy, Central Banking, and the Supply of Money and Credit: GeneralimfBanksimfDepository InstitutionsimfMicro Finance InstitutionsimfMortgagesimfBankruptcyimfLiquidationimfDebtimfDebt ManagementimfSovereign DebtimfMonetary economicsimfFinanceimfBankingimfBudgeting & financial managementimfCreditimfLoansimfSolvencyimfCredit boomsimfMoneyimfFinancial institutionsimfFinancial sector policy and analysisimfGovernment liabilitiesimfPublic financial management (PFM)imfBanks and bankingimfBudgetimfChina, People's Republic ofimfCorporate debtCreditFinancial risk managementBanks and BankingFinance: GeneralMoney and Monetary PolicyIndustries: Financial ServicesBudgetingInvestmentCapitalIntangible CapitalCapacityIndustrial Organization and Macroeconomics: Industrial Structure and Structural ChangeIndustrial Price IndicesCorporation and Securities LawMonetary Policy, Central Banking, and the Supply of Money and Credit: GeneralBanksDepository InstitutionsMicro Finance InstitutionsMortgagesBankruptcyLiquidationDebtDebt ManagementSovereign DebtMonetary economicsFinanceBankingBudgeting & financial managementCreditLoansSolvencyCredit boomsMoneyFinancial institutionsFinancial sector policy and analysisGovernment liabilitiesPublic financial management (PFM)Banks and bankingBudget658.1526Maliszewski Wojciech1109477Arslanalp Serkan1449591Caparusso John1449950Garrido Jose1449951Guo Si1375112Kang Joong1449952Lam Waikei1449953DcWaIMFBOOK9910154898903321Resolving China’s Corporate Debt Problem3648694UNINA