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

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

The current approach to resolving sovereign debt crises does not work: sovereign debt restructurings come too late and address too little. Though unresolved deb

Nonviable “zombie” firms have become a key concern in China. Using novel firm-level industrial survey data, this paper illustrates the central role of zombi

An in-depth look at China’s burgeoning capital markets Author Jian Gao is the number one authority on fixed income markets in China, and with this book, he br