How did the country solve the bad debts of the four major banks in 1998?

1998, the state resolved the bad debts of the four major banks;

1. Bad bank is similar to1the American Disposal Trust Company established during the American Relief and Savings Association in the 1980s and1the four major asset management companies established in China in 1998 to divest the bad assets of state-owned banks.

2. The government buys bad assets from commercial banks at a certain price, integrates them, and finally sells them at a certain price.