Publication - China Must Quickly Tackle its Corporate Debt Problems - Posted on December 16, 2016 by iMFdirect - By Joong Shik Kang and Wojciech S. Maliszewski
China urgently needs to tackle its corporate-debt problem before it becomes a major drag on growth in the world’s No. 2 economy. Corporate debt has reached very high levels and continues to grow. In our recent paper, we recommend that the government act promptly to adopt a comprehensive program that would sacrifice some economic growth in the short term while rapidly returning the economy to a sustainable growth path.





