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To: Charles A. King who wrote (10203)	11/22/1998 7:55:00 AM
From: Charles A. King	Respond to of 13091

China thinks about setting up up a mechanism similar to our Resolution Trust Corporation to securitize massive bad loans. China mulls clearing house for massive bad debts 04:54 a.m. Nov 19, 1998 Eastern BEIJING, Nov 19 (Reuters) - China is to set up a company to help lift the burden of massive bad debts from its financial institutions in one of its most radical financial-industry reforms, bankers and financial analysts said on Thursday. (snip) Decades of lending based on government orders rather than on borrowers' creditworthiness has resulted in massive bad debts in its state banks.