In recent years, some government agencies, including the China Securities Regulatory Commission and China Banking Regulatory Commission, have issued some very helpful guidelines on corporate governance. However, what the government should do to further improve corporate governance remains to be studied. (2) The selection of corporate governance model. International practices have been characterized in this regard by different selections.
Until 1985, this external debt was not even positive; that is, until that time the United States had net claims on foreigners. But because the United States has run persistent and sizable primary trade deficits since 1990, the net external debt is now 25 percent of GDP and rising sharply.