China’s plan to swap debt for equity has been criticised as transferring risk to the shadow banking sector. Photo: Reuters

Enough policy tools, now it’s time for China to refine its approach on sorting bad debt

The debt for equity swap, along with other policies, will undergo further refinement this year as China tackles it bad debt problem

Topic |   Banking & Finance

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China’s plan to swap debt for equity has been criticised as transferring risk to the shadow banking sector. Photo: Reuters
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