China eyes private funds to tackle bad-debt buildup and avoid bailout

Faced with a chorus of warnings that China risks choking on bad debts, Beijing is pushing banks to raise private capital in an effort to head off the need for a second government bailout in as many decades.

via Business feed http://www.scmp.com/business/banking-finance/article/1310771/china-eyes-private-funds-tackle-bad-debt-buildup-and-avoid