For example, Bank of China has roughly the same size of loan book as JPMorgan Chase or Citigroup, but only around half the level of bad-debt reserves.

例如，中国银行的贷款总额大致相当于摩根大通或花旗集团，但坏账储备金只有大约一半。

youdao

That's bad enough, with the net debt level forecast to rise to 120% of gross domestic product this year.

今年的净债务预告为GDP的120%，够糟糕的。

youdao

Cut the level of bad debt by requiring banks to use their profits for the next five years to write off problem loans.

FORBES: The ghost of Chiang Kai-shek

The next step would be to print money to buy all the bad debt, which would cause the yen to plunge to its lowest level in decades.

FORBES