China and India Have Different Answers for Their Debt Messes
- China favors debt-equity swaps as India aims for fix by 2017
- "Indian plan seems to be more advanced" than the China plan
A worker sits on tires at a vehicle maintenance workshop near the Delhi city boundary in Faridabad, Haryana, India, on Friday, April 8, 2106. The odd-even car rationing plan is scheduled to return on April 15 as Delhi Supreme Court is also set to hold a hearing regarding the large vehicle diesel ban. Both measures are aimed at curbing emissions in the world's most polluted city, according to a 2014 World Health Organization database.
Photographer: Prashanth Vishwanathan/Bloomberg