LEADER 05427oam 22014174 450 001 9910154898903321 005 20230808205508.0 010 $a1-4755-4529-0 010 $a1-4755-4538-X 035 $a(CKB)4340000000018108 035 $a(MiAaPQ)EBC4745306 035 $a(IMF)WPIEA2016203 035 $a(EXLCZ)994340000000018108 100 $a20020129d2016 uf 0 101 0 $aeng 135 $aurcnu|||||||| 181 $2rdacontent 182 $2rdamedia 183 $2rdacarrier 200 10$aResolving China?s Corporate Debt Problem /$fWojciech Maliszewski, Serkan Arslanalp, John Caparusso, Jose Garrido, Si Guo, Joong Kang, Waikei Lam, Daniel Law, Wei Liao, Nadia Rendak, Philippe Wingender, Jiangyan Yu, Longmei Zhang 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2016. 215 $a1 online resource (44 pages) $cillustrations, tables, graphs 225 1 $aIMF Working Papers 311 $a1-4755-4528-2 320 $aIncludes bibliographical references. 330 3 $aCorporate credit growth in China has been excessive in recent years. This credit boom is related to the large increase in investment after the Global Financial Crisis. Investment efficiency has fallen and the financial performance of corporates has deteriorated steadily, affecting asset quality in financial institutions. The corporate debt problem should be addressed urgently with a comprehensive strategy. Key elements should include identifying companies in financial difficulties, proactively recognizing losses in the financial system, burden sharing, corporate restructuring and governance reform, hardening budget constraints, and facilitating market entry. A proactive strategy would trade off short-term economic pain for larger longer-term gain. 410 0$aIMF Working Papers; Working Paper ;$vNo. 2016/203 606 $aCorporate debt$zChina 606 $aCredit$zChina 606 $aFinancial risk management$zChina 606 $aBanks and Banking$2imf 606 $aFinance: General$2imf 606 $aMoney and Monetary Policy$2imf 606 $aIndustries: Financial Services$2imf 606 $aBudgeting$2imf 606 $aInvestment$2imf 606 $aCapital$2imf 606 $aIntangible Capital$2imf 606 $aCapacity$2imf 606 $aIndustrial Organization and Macroeconomics: Industrial Structure and Structural Change$2imf 606 $aIndustrial Price Indices$2imf 606 $aCorporation and Securities Law$2imf 606 $aMonetary Policy, Central Banking, and the Supply of Money and Credit: General$2imf 606 $aBanks$2imf 606 $aDepository Institutions$2imf 606 $aMicro Finance Institutions$2imf 606 $aMortgages$2imf 606 $aBankruptcy$2imf 606 $aLiquidation$2imf 606 $aDebt$2imf 606 $aDebt Management$2imf 606 $aSovereign Debt$2imf 606 $aMonetary economics$2imf 606 $aFinance$2imf 606 $aBanking$2imf 606 $aBudgeting & financial management$2imf 606 $aCredit$2imf 606 $aLoans$2imf 606 $aSolvency$2imf 606 $aCredit booms$2imf 606 $aMoney$2imf 606 $aFinancial institutions$2imf 606 $aFinancial sector policy and analysis$2imf 606 $aGovernment liabilities$2imf 606 $aPublic financial management (PFM)$2imf 606 $aBanks and banking$2imf 606 $aBudget$2imf 607 $aChina, People's Republic of$2imf 615 0$aCorporate debt 615 0$aCredit 615 0$aFinancial risk management 615 7$aBanks and Banking 615 7$aFinance: General 615 7$aMoney and Monetary Policy 615 7$aIndustries: Financial Services 615 7$aBudgeting 615 7$aInvestment 615 7$aCapital 615 7$aIntangible Capital 615 7$aCapacity 615 7$aIndustrial Organization and Macroeconomics: Industrial Structure and Structural Change 615 7$aIndustrial Price Indices 615 7$aCorporation and Securities Law 615 7$aMonetary Policy, Central Banking, and the Supply of Money and Credit: General 615 7$aBanks 615 7$aDepository Institutions 615 7$aMicro Finance Institutions 615 7$aMortgages 615 7$aBankruptcy 615 7$aLiquidation 615 7$aDebt 615 7$aDebt Management 615 7$aSovereign Debt 615 7$aMonetary economics 615 7$aFinance 615 7$aBanking 615 7$aBudgeting & financial management 615 7$aCredit 615 7$aLoans 615 7$aSolvency 615 7$aCredit booms 615 7$aMoney 615 7$aFinancial institutions 615 7$aFinancial sector policy and analysis 615 7$aGovernment liabilities 615 7$aPublic financial management (PFM) 615 7$aBanks and banking 615 7$aBudget 676 $a658.1526 700 $aMaliszewski$b Wojciech$01109477 701 $aArslanalp$b Serkan$01449591 701 $aCaparusso$b John$01449950 701 $aGarrido$b Jose$01449951 701 $aGuo$b Si$01375112 701 $aKang$b Joong$01449952 701 $aLam$b Waikei$01449953 801 0$bDcWaIMF 906 $aBOOK 912 $a9910154898903321 996 $aResolving China?s Corporate Debt Problem$93648694 997 $aUNINA