Title An attempt to profile the finances of China's enterprise sector / Paul Heytens and Cem Karacadag

Published [Washington, D.C.] : International Monetary Fund, Asia and Pacific Dept., ©2001

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Description 1 online resource (22 pages) : illustrations Series IMF working paper ; WP/01/182 IMF working paper ; WP/01/182. Summary This paper examines the leverage, efficiency, and debt-repayment capacity of the Chinese enterprise sector using aggregate and firm level data. The cash coverage of interest expense, in particular, is used as a bridge between enterprise finances and banks' asset quality in order to develop insights on banking soundness. The interest coverage analysis corroborates the high level of nonperforming loans in the financial system. This underscores the urgency of hardening budget constraints on state-owned enterprises and stemming the flow of new bad loans by accelerating ongoing structural reforms Bibliography Includes bibliographical references (page 19) Notes Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL Print version record Subject Corporations -- China -- Finance Corporate debt -- China Bank loans -- China Bank loans Corporate debt Corporations -- Finance China Form Electronic book Author Karacadag, Cem International Monetary Fund. Asia and Pacific Department. ISBN 1282020064 9781282020061 9781451904628 1451904622

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