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Title:	State-Owned Enterprises Leverage as a Contingency in Public Debt Sustainability Analysis: The Case of the People’s Republic of China
Authors:	ADB; Ferrarini, Benno; Hinojales, Marthe
Issue Date:	Jan-2018
Description:	The size of the state-owned enterprise contingent liability in relation to the People’s Republic of China’s gross domestic product appears to be manageable if dealt with decisively and bar a continuation of the past. The leverage of state-owned enterprises (SOE) in the People’s Republic of China (PRC) has grown to a large liability. While there is no room for complacency, there is no need for panic either; even if authorities had to step in to mop up as much as 20% of SOE debt at risk gone bad. This would appear to be manageable at roughly 2.7% of the gross domestic product in 2016 or 5.5% by 2021. The paper demonstrates a method to include SOE debt as a contingent liability in the public debt sustainability assessment framework. The authors of the paper further conclude that while corporate leverage is large, it appears fully manageable.
URI:	https://www.adb.org/publications/state-owned-enterprises-public-debt-sustainability-prc https://elibrary.tucl.edu.np/handle/123456789/5478
ISBN:	N/A N/A
ISSN:	2313-6537 2313-6545
Country:	Georgia Mongolia Philippines
Appears in Collections:	ADB Collections

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