To the extent that we worried about the external sector, it was always in terms of the current account and the pressure that might come on the (fixed) exchange rate;  ·  there were, of course, financial crises in those days, but they seemed to have a different nature.
A problem closely linked with insider control was the distortion and irregular transactions created in the process of massive “debt-equity” swap that took place in 1999, despising the principles of corporate governance. Leaders of the State Council have also been highly concerned with this issue. Given the mistakes, what should be done to clean up legacies left over by the debt-equity swap?