A three-shot cure for China’s zombie problem

The country should form new bad debt agencies, encourage foreign distressed debt specialists and create a proper bad debt resolution process, or risk a full-blown credit crisis.
March 11, 2016

China’s four so-called bad banks have made a lot of money from gorging on bad debts. But they risk having too much of a good thing. 

¬ Haymarket Media Limited. All rights reserved.

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