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To: Mark Bartlett who wrote (30055)	3/15/1999 10:23:00 AM
From: long-gone	Respond to of 116764

Monday March 15, 6:30 am Eastern Time <<China's Zhu warns creditors; don't push too hard BEIJING, March 15 (Reuters) - Premier Zhu Rongji warned foreign creditors on Monday not to push Chinese companies too hard and tip them into bankruptcy, saying there were better ways to deal with problems. He said probably there would be no more bankruptcies following the collapse of Guangdong International Trust and Investment Corp, but he still urged foreign banks to lend prudently. ''There won't be too many bankruptcies of financial institutions in the future, and maybe there will be none,'' Zhu told a news conference marking the end of China's 11-day National People's Congress, or parliament. ''But the prerequisite is that creditor banks don't press too hard for debt repayment -- don't force them to repay loans ahead of schedule,'' he said. ''If you push too hard, they will have to go bankrupt.''(cont)>> biz.yahoo.com