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China’s plans to restructure steel and coal industries will rely on banks to improve loan terms or take debt and equity stakes in struggling enterprises

2 months ago
Sky Canaves
hinese banks are already facing a mounting pile of bad debt that currently totals as much as 19 percent of all commercial lending, and new proposals will add to their burdens.
By Sky Canaves
Sky Canaves previously reported for The Wall Street Journal in Beijing and Hong Kong, where she covered media, culture, social issues, and legal affairs, and served as the founding editor and lead writer of the WSJ’s China Real Time site. Prior to becoming a journalist, Sky worked in the China corporate law practice of Baker & McKenzie, and she has also taught journalism and media law at the University of Hong Kong. She speaks Mandarin and has accumulated more than a decade's experience living, studying and working in China.

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