China's Debt Swaps Surpass $100 Billion
- Debt swaps attracting bad companies, BNP Paribas Asset says
- Natixis estimates 55 percent of Q2 swaps in coal and steel
The debt mountain in China has been characterized in state media as 'The Original Sin' of the financial system. Bloomberg's Emma O'Brien reports on 'Bloomberg Daybreak: Asia.' (Source: Bloomberg)
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Almost a year after China rolled out steps to rein in soaring corporate leverage, concerns are rising that undeserving companies are benefiting while households are getting saddled with risks.