China needs to learn to restructure emerging market debt: World Bank economist

"What I think China will need to do to confront this is what previous other creditors in the past had done, which is you have to restructure. And restructure big time, meaning either lower interest rates, longer maturities, write-off in principal or some combination of that," Reinhart said in a panel discussion on economic inequality.

from Moneycontrol Latest News https://ift.tt/39qJNxt