Resolving China's Zombies: Tackling Debt and Raising Productivity

Resolving China's Zombies: Tackling Debt and Raising Productivity
Nonviable “zombie” firms have become a key concern in China. Using novel firm-level industrial survey data, this paper illustrates the central role of zombies and their strong linkages with stateowned enterprises (SOEs) in contributing to debt vulnerabilities and low productivity. As a group, zombie firms and SOEs account for... READ MORE...

Publication date: November 2017
ISBN 9781484330722
$18.00

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