Conditions in China’s Listed Corporate Sector

Chris Read

RBA Bulletin (Print copy discontinued), 2017, 67-74

Abstract: The financial statements of listed companies provide a detailed insight into the broader conditions faced by businesses in China. Listed firms have deleveraged over the past few years, although declining profitability has reduced their capacity to cover interest payments, especially for state-controlled firms. High leverage and declining profitability in the real estate and construction sectors remain a concern, especially given these sectors have been a key driver of economic growth in recent years.

Keywords: china; chinese listed companies; chinese listed firms; china leverage; china corporate debt; profitability; financial stability; interest servicing; corporate liquidity; cash conversion cycle; interest rates; debt-to-equity; state leverage; state profitability; non-financial debt; real estate leverage (search for similar items in EconPapers)
Date: 2017
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