A worker rests on steel products at a steel wholesale market in Shenyang, Liaoning province, northeast China on April 11, 2016. China's major steel producers saw huge losses in 2015 as Chinese steel market demands continued to shrink amid the economic slowdown in China. Photo: EPA
Jennifer Li
Opinion

Opinion

Across The Border by Jennifer Li

China’s equity-swap tonic for toxic loans could make things worse for domestic banks

Analysts caution that Chinese banks could be saddled with low to zero yielding equity under the current proposal

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A worker rests on steel products at a steel wholesale market in Shenyang, Liaoning province, northeast China on April 11, 2016. China's major steel producers saw huge losses in 2015 as Chinese steel market demands continued to shrink amid the economic slowdown in China. Photo: EPA
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