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

This book provides a detailed and up-to-date picture of the current state of China's public expenditure policies, the main reforms that are being undertaken, an

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