01935cas a2200277 a 4500 AALejournalIMF017177 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475545289 1018-5941 BD-DhAAL BD-DhAAL Maliszewski, Wojciech. Resolving China's Corporate Debt Problem / Wojciech Maliszewski, Serkan Arslanalp, John Caparusso, Jose Garrido. Washington, D.C. : International Monetary Fund, 2016. 1 online resource (43 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 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. Mode of access: Internet Arslanalp, Serkan. Caparusso, John. Garrido, Jose. IMF Working Papers; Working Paper ; No. 2016/203 Full text available on IMF http://elibrary.imf.org/view/journals/001/2016/203/001.2016.issue-203-en.xml IMF e-Library