01684cas a2200253 a 4500 AALejournalIMF001773 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451859263 1018-5941 BD-DhAAL BD-DhAAL Karacadag, Cem. An Attempt to Profile the Finances of China's Enterprise Sector / Cem Karacadag, Paul Heytens. Washington, D.C. : International Monetary Fund, 2001. 1 online resource (24 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper examines the leverage, efficiency, and debt-repayment capacity of the Chinese enterprise sector using aggregate and firm level data. The cash coverage of interest expense, in particular, is used as a bridge between enterprise finances and banks' asset quality in order to develop insights on banking soundness. The interest coverage analysis corroborates the high level of nonperforming loans in the financial system. This underscores the urgency of hardening budget constraints on state-owned enterprises and stemming the flow of new bad loans by accelerating ongoing structural reforms. Mode of access: Internet Heytens, Paul. IMF Working Papers; Working Paper ; No. 2001/182 Full text available on IMF http://elibrary.imf.org/view/journals/001/2001/182/001.2001.issue-182-en.xml IMF e-Library