China's resolution of its bad loan problem through AMCs is a Great Leap Forward

The non-performing loans of Chinese banks has been nagging at the back of investors'' minds for months. But the establishment of the asset management companies brings in asset recovery professionals for the first time in China''s recent history.

Dan Slater

January 09, 2002

In many ways the AMCs represent a profound generation shift in the attitude of the authorities to the problems of NPLs, estimated at $500 billion or 50% of GDP, and the results so far are encouraging.

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