{"id":50521,"date":"2016-03-11T21:50:37","date_gmt":"2016-03-11T19:50:37","guid":{"rendered":"http:\/\/www.arabtelegraph.com\/?p=50521"},"modified":"2016-03-11T21:50:37","modified_gmt":"2016-03-11T19:50:37","slug":"china-debt-swap-could-leave-banks-in-capital-hole","status":"publish","type":"post","link":"https:\/\/www.arabtelegraph.com\/?p=50521","title":{"rendered":"China debt swap could leave banks in capital hole"},"content":{"rendered":"<p dir=\"ltr\"><strong><em>The author is a Reuters Breakingviews columnist. The opinions expressed are his own.<\/em><\/strong><\/p>\n<p dir=\"ltr\">China\u2019s mooted debt-for-equity swap could leave the country\u2019s banks in a capital hole. New rules are being proposed that would allow lenders to exchange bad loans for shares. That could ease pressure on ailing companies. But it would also put pressure on bank capital ratios.<\/p>\n<p dir=\"ltr\">In developed economies, it\u2019s not unusual for creditors of troubled companies to accept shares in exchange for loans. In China, however, banks are restricted from investing in non-financial companies, limiting their scope for restructuring ailing borrowers.<\/p>\n<p dir=\"ltr\">The regulations being prepared would remove that constraint, Reuters reported on March 10, potentially clearing the way for a wave of debt conversions. Some exchanges are already happening: Huarong Energy, a troubled shipbuilder, announced on March 8 it would give creditors a 60 percent stake in the company in return for forgiving debt worth $2.2 billion.<\/p>\n<p dir=\"ltr\">Yet while such swaps help overindebted Chinese companies, they are less positive for banks. True, the industry\u2019s reported ratio of non-performing loans \u2013 which rose to 1.7 percent of total lending at the end of 2015 \u2013 will fall. But capital requirements will also rise as banks recognize more losses.<\/p>\n<p dir=\"ltr\">Under China\u2019s interpretation of international Basel rules, corporate loans typically attract a risk weighting of 100 percent for capital purposes. But the risk weighting for equity investments is at least 400 percent, and can be as high as 1250 percent, according to a 2013 assessment of Chinese regulations by the Bank for International Settlements. In other words, any bank that swaps a corporate loan for equity of the equivalent value will need at least four times as much capital for that exposure.<\/p>\n<p dir=\"ltr\">This calculation also assumes that banks have already written down troubled loans to their correct value. In reality, that\u2019s unlikely to be the case. So-called \u201cspecial mention\u201d loans, which are wobbly but not yet officially classed as bad, accounted for a further 3.8 percent of overall lending at the end of last year. The true level of non-performing debt is probably much higher.<\/p>\n<p dir=\"ltr\">The result is that any large-scale swap of debt-for-equity in the country will leave lenders short of capital. As the largest shareholder of Chinese banks, the government would have to step in. Though that might be one way to start solving China\u2019s debt problem, other investors in the banks would feel the pain.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The author is a Reuters Breakingviews columnist. The opinions expressed are his own. China\u2019s mooted debt-for-equity swap could leave the country\u2019s banks in a capital hole. New rules are being proposed that would allow lenders to exchange bad loans for shares. That could ease pressure on ailing companies. But it would also put pressure on &hellip;<\/p>\n","protected":false},"author":3,"featured_media":50524,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[36],"tags":[],"class_list":["post-50521","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-te-public"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>China debt swap could leave banks in capital hole - Arab Telegraph<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.arabtelegraph.com\/?p=50521\" \/>\n<meta property=\"og:locale\" content=\"ar_AR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"China debt swap could leave banks in capital hole - Arab Telegraph\" \/>\n<meta property=\"og:description\" content=\"The author is a Reuters Breakingviews columnist. The opinions expressed are his own. China\u2019s mooted debt-for-equity swap could leave the country\u2019s banks in a capital hole. New rules are being proposed that would allow lenders to exchange bad loans for shares. That could ease pressure on ailing companies. But it would also put pressure on &hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.arabtelegraph.com\/?p=50521\" \/>\n<meta property=\"og:site_name\" content=\"Arab Telegraph\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/aliarabtelegraphhttps:\/\/m.facebook.com\/ali.aed2https:\/\/www.facebook.com\/aliarabtelegraph:\/\/www.facebook.com\/https:\/\/www.google.com\/?hl=ar\/\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/aliarabtelegraphhttps:\/\/m.facebook.com\/ali.aed2https:\/\/www.facebook.com\/aliarabtelegraph:\/\/www.facebook.com\/https:\/\/www.google.com\/?hl=ar\/\" \/>\n<meta property=\"article:published_time\" content=\"2016-03-11T19:50:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.arabtelegraph.com\/wp-content\/uploads\/2016\/03\/yuan_625x300_41448942301.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"625\" \/>\n\t<meta property=\"og:image:height\" content=\"300\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Arab Telegraph\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/aligazette\" \/>\n<meta name=\"twitter:site\" content=\"@aligazette\" \/>\n<meta name=\"twitter:label1\" content=\"\u0643\u064f\u062a\u0628 \u0628\u0648\u0627\u0633\u0637\u0629\" \/>\n\t<meta name=\"twitter:data1\" content=\"Arab Telegraph\" \/>\n\t<meta name=\"twitter:label2\" content=\"\u0648\u0642\u062a \u0627\u0644\u0642\u0631\u0627\u0621\u0629 \u0627\u0644\u0645\u064f\u0642\u062f\u0651\u0631\" \/>\n\t<meta name=\"twitter:data2\" content=\"\u062f\u0642\u064a\u0642\u062a\u0627\u0646\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.arabtelegraph.com\\\/?p=50521#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.arabtelegraph.com\\\/?p=50521\"},\"author\":{\"name\":\"Arab Telegraph\",\"@id\":\"https:\\\/\\\/www.arabtelegraph.com\\\/#\\\/schema\\\/person\\\/b796bd29af18bedbb5ec003a20ada50d\"},\"headline\":\"China debt swap could leave banks in capital hole\",\"datePublished\":\"2016-03-11T19:50:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.arabtelegraph.com\\\/?p=50521\"},\"wordCount\":401,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.arabtelegraph.com\\\/#\\\/schema\\\/person\\\/b796bd29af18bedbb5ec003a20ada50d\"},\"image\":{\"@id\":\"https:\\\/\\\/www.arabtelegraph.com\\\/?p=50521#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.arabtelegraph.com\\\/wp-content\\\/uploads\\\/2016\\\/03\\\/yuan_625x300_41448942301.jpg\",\"articleSection\":[\"PUBLIC\"],\"inLanguage\":\"ar\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.arabtelegraph.com\\\/?p=50521#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.arabtelegraph.com\\\/?p=50521\",\"url\":\"https:\\\/\\\/www.arabtelegraph.com\\\/?p=50521\",\"name\":\"China debt swap could leave banks in capital hole - Arab Telegraph\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.arabtelegraph.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.arabtelegraph.com\\\/?p=50521#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.arabtelegraph.com\\\/?p=50521#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.arabtelegraph.com\\\/wp-content\\\/uploads\\\/2016\\\/03\\\/yuan_625x300_41448942301.jpg\",\"datePublished\":\"2016-03-11T19:50:37+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.arabtelegraph.com\\\/?p=50521#breadcrumb\"},\"inLanguage\":\"ar\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.arabtelegraph.com\\\/?p=50521\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"ar\",\"@id\":\"https:\\\/\\\/www.arabtelegraph.com\\\/?p=50521#primaryimage\",\"url\":\"https:\\\/\\\/www.arabtelegraph.com\\\/wp-content\\\/uploads\\\/2016\\\/03\\\/yuan_625x300_41448942301.jpg\",\"contentUrl\":\"https:\\\/\\\/www.arabtelegraph.com\\\/wp-content\\\/uploads\\\/2016\\\/03\\\/yuan_625x300_41448942301.jpg\",\"width\":625,\"height\":300},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.arabtelegraph.com\\\/?p=50521#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"\u0627\u0644\u0631\u0626\u064a\u0633\u064a\u0629\",\"item\":\"https:\\\/\\\/www.arabtelegraph.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"China debt swap could leave banks in capital hole\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.arabtelegraph.com\\\/#website\",\"url\":\"https:\\\/\\\/www.arabtelegraph.com\\\/\",\"name\":\"\u0639\u0631\u0628 \u062a\u0644\u064a\u062c\u0631\u0627\u0641\",\"description\":\"\u0623\u062e\u0628\u0627\u0631...\u0645\u0646 \u062e\u0644\u0641 \u0627\u0644\u0623\u0633\u0648\u0627\u0631\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.arabtelegraph.com\\\/#\\\/schema\\\/person\\\/b796bd29af18bedbb5ec003a20ada50d\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.arabtelegraph.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"ar\"},{\"@type\":[\"Person\",\"Organization\"],\"@id\":\"https:\\\/\\\/www.arabtelegraph.com\\\/#\\\/schema\\\/person\\\/b796bd29af18bedbb5ec003a20ada50d\",\"name\":\"Arab Telegraph\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"ar\",\"@id\":\"https:\\\/\\\/www.arabtelegraph.com\\\/wp-content\\\/uploads\\\/2024\\\/11\\\/\u0644\u0648\u062c\u0648-\u0639\u0631\u0628-\u062a\u0644\u064a\u062c\u0631\u0627\u0641-1-1.jpg\",\"url\":\"https:\\\/\\\/www.arabtelegraph.com\\\/wp-content\\\/uploads\\\/2024\\\/11\\\/\u0644\u0648\u062c\u0648-\u0639\u0631\u0628-\u062a\u0644\u064a\u062c\u0631\u0627\u0641-1-1.jpg\",\"contentUrl\":\"https:\\\/\\\/www.arabtelegraph.com\\\/wp-content\\\/uploads\\\/2024\\\/11\\\/\u0644\u0648\u062c\u0648-\u0639\u0631\u0628-\u062a\u0644\u064a\u062c\u0631\u0627\u0641-1-1.jpg\",\"width\":300,\"height\":150,\"caption\":\"Arab Telegraph\"},\"logo\":{\"@id\":\"https:\\\/\\\/www.arabtelegraph.com\\\/wp-content\\\/uploads\\\/2024\\\/11\\\/\u0644\u0648\u062c\u0648-\u0639\u0631\u0628-\u062a\u0644\u064a\u062c\u0631\u0627\u0641-1-1.jpg\"},\"sameAs\":[\"https:\\\/\\\/www.arabtelegraph.com\",\"https:\\\/\\\/www.facebook.com\\\/aliarabtelegraphhttps:\\\/\\\/m.facebook.com\\\/ali.aed2https:\\\/\\\/www.facebook.com\\\/aliarabtelegraph:\\\/\\\/www.facebook.com\\\/https:\\\/\\\/www.google.com\\\/?hl=ar\\\/\",\"https:\\\/\\\/www.instagram.com\\\/arabtelegraph\\\/\",\"https:\\\/\\\/www.google.com.sa\\\/?hl=ar\",\"https:\\\/\\\/x.com\\\/https:\\\/\\\/twitter.com\\\/aligazette\"],\"url\":\"https:\\\/\\\/www.arabtelegraph.com\\\/?author=3\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"China debt swap could leave banks in capital hole - Arab Telegraph","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.arabtelegraph.com\/?p=50521","og_locale":"ar_AR","og_type":"article","og_title":"China debt swap could leave banks in capital hole - Arab Telegraph","og_description":"The author is a Reuters Breakingviews columnist. The opinions expressed are his own. China\u2019s mooted debt-for-equity swap could leave the country\u2019s banks in a capital hole. New rules are being proposed that would allow lenders to exchange bad loans for shares. That could ease pressure on ailing companies. But it would also put pressure on &hellip;","og_url":"https:\/\/www.arabtelegraph.com\/?p=50521","og_site_name":"Arab Telegraph","article_publisher":"https:\/\/www.facebook.com\/aliarabtelegraphhttps:\/\/m.facebook.com\/ali.aed2https:\/\/www.facebook.com\/aliarabtelegraph:\/\/www.facebook.com\/https:\/\/www.google.com\/?hl=ar\/","article_author":"https:\/\/www.facebook.com\/aliarabtelegraphhttps:\/\/m.facebook.com\/ali.aed2https:\/\/www.facebook.com\/aliarabtelegraph:\/\/www.facebook.com\/https:\/\/www.google.com\/?hl=ar\/","article_published_time":"2016-03-11T19:50:37+00:00","og_image":[{"width":625,"height":300,"url":"https:\/\/www.arabtelegraph.com\/wp-content\/uploads\/2016\/03\/yuan_625x300_41448942301.jpg","type":"image\/jpeg"}],"author":"Arab Telegraph","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/twitter.com\/aligazette","twitter_site":"@aligazette","twitter_misc":{"\u0643\u064f\u062a\u0628 \u0628\u0648\u0627\u0633\u0637\u0629":"Arab Telegraph","\u0648\u0642\u062a \u0627\u0644\u0642\u0631\u0627\u0621\u0629 \u0627\u0644\u0645\u064f\u0642\u062f\u0651\u0631":"\u062f\u0642\u064a\u0642\u062a\u0627\u0646"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.arabtelegraph.com\/?p=50521#article","isPartOf":{"@id":"https:\/\/www.arabtelegraph.com\/?p=50521"},"author":{"name":"Arab Telegraph","@id":"https:\/\/www.arabtelegraph.com\/#\/schema\/person\/b796bd29af18bedbb5ec003a20ada50d"},"headline":"China debt swap could leave banks in capital hole","datePublished":"2016-03-11T19:50:37+00:00","mainEntityOfPage":{"@id":"https:\/\/www.arabtelegraph.com\/?p=50521"},"wordCount":401,"commentCount":0,"publisher":{"@id":"https:\/\/www.arabtelegraph.com\/#\/schema\/person\/b796bd29af18bedbb5ec003a20ada50d"},"image":{"@id":"https:\/\/www.arabtelegraph.com\/?p=50521#primaryimage"},"thumbnailUrl":"https:\/\/www.arabtelegraph.com\/wp-content\/uploads\/2016\/03\/yuan_625x300_41448942301.jpg","articleSection":["PUBLIC"],"inLanguage":"ar","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.arabtelegraph.com\/?p=50521#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.arabtelegraph.com\/?p=50521","url":"https:\/\/www.arabtelegraph.com\/?p=50521","name":"China debt swap could leave banks in capital hole - Arab Telegraph","isPartOf":{"@id":"https:\/\/www.arabtelegraph.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.arabtelegraph.com\/?p=50521#primaryimage"},"image":{"@id":"https:\/\/www.arabtelegraph.com\/?p=50521#primaryimage"},"thumbnailUrl":"https:\/\/www.arabtelegraph.com\/wp-content\/uploads\/2016\/03\/yuan_625x300_41448942301.jpg","datePublished":"2016-03-11T19:50:37+00:00","breadcrumb":{"@id":"https:\/\/www.arabtelegraph.com\/?p=50521#breadcrumb"},"inLanguage":"ar","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.arabtelegraph.com\/?p=50521"]}]},{"@type":"ImageObject","inLanguage":"ar","@id":"https:\/\/www.arabtelegraph.com\/?p=50521#primaryimage","url":"https:\/\/www.arabtelegraph.com\/wp-content\/uploads\/2016\/03\/yuan_625x300_41448942301.jpg","contentUrl":"https:\/\/www.arabtelegraph.com\/wp-content\/uploads\/2016\/03\/yuan_625x300_41448942301.jpg","width":625,"height":300},{"@type":"BreadcrumbList","@id":"https:\/\/www.arabtelegraph.com\/?p=50521#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"\u0627\u0644\u0631\u0626\u064a\u0633\u064a\u0629","item":"https:\/\/www.arabtelegraph.com\/"},{"@type":"ListItem","position":2,"name":"China debt swap could leave banks in capital hole"}]},{"@type":"WebSite","@id":"https:\/\/www.arabtelegraph.com\/#website","url":"https:\/\/www.arabtelegraph.com\/","name":"\u0639\u0631\u0628 \u062a\u0644\u064a\u062c\u0631\u0627\u0641","description":"\u0623\u062e\u0628\u0627\u0631...\u0645\u0646 \u062e\u0644\u0641 \u0627\u0644\u0623\u0633\u0648\u0627\u0631","publisher":{"@id":"https:\/\/www.arabtelegraph.com\/#\/schema\/person\/b796bd29af18bedbb5ec003a20ada50d"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.arabtelegraph.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"ar"},{"@type":["Person","Organization"],"@id":"https:\/\/www.arabtelegraph.com\/#\/schema\/person\/b796bd29af18bedbb5ec003a20ada50d","name":"Arab Telegraph","image":{"@type":"ImageObject","inLanguage":"ar","@id":"https:\/\/www.arabtelegraph.com\/wp-content\/uploads\/2024\/11\/\u0644\u0648\u062c\u0648-\u0639\u0631\u0628-\u062a\u0644\u064a\u062c\u0631\u0627\u0641-1-1.jpg","url":"https:\/\/www.arabtelegraph.com\/wp-content\/uploads\/2024\/11\/\u0644\u0648\u062c\u0648-\u0639\u0631\u0628-\u062a\u0644\u064a\u062c\u0631\u0627\u0641-1-1.jpg","contentUrl":"https:\/\/www.arabtelegraph.com\/wp-content\/uploads\/2024\/11\/\u0644\u0648\u062c\u0648-\u0639\u0631\u0628-\u062a\u0644\u064a\u062c\u0631\u0627\u0641-1-1.jpg","width":300,"height":150,"caption":"Arab Telegraph"},"logo":{"@id":"https:\/\/www.arabtelegraph.com\/wp-content\/uploads\/2024\/11\/\u0644\u0648\u062c\u0648-\u0639\u0631\u0628-\u062a\u0644\u064a\u062c\u0631\u0627\u0641-1-1.jpg"},"sameAs":["https:\/\/www.arabtelegraph.com","https:\/\/www.facebook.com\/aliarabtelegraphhttps:\/\/m.facebook.com\/ali.aed2https:\/\/www.facebook.com\/aliarabtelegraph:\/\/www.facebook.com\/https:\/\/www.google.com\/?hl=ar\/","https:\/\/www.instagram.com\/arabtelegraph\/","https:\/\/www.google.com.sa\/?hl=ar","https:\/\/x.com\/https:\/\/twitter.com\/aligazette"],"url":"https:\/\/www.arabtelegraph.com\/?author=3"}]}},"jetpack_featured_media_url":"https:\/\/www.arabtelegraph.com\/wp-content\/uploads\/2016\/03\/yuan_625x300_41448942301.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.arabtelegraph.com\/index.php?rest_route=\/wp\/v2\/posts\/50521","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.arabtelegraph.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.arabtelegraph.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.arabtelegraph.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.arabtelegraph.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=50521"}],"version-history":[{"count":1,"href":"https:\/\/www.arabtelegraph.com\/index.php?rest_route=\/wp\/v2\/posts\/50521\/revisions"}],"predecessor-version":[{"id":50525,"href":"https:\/\/www.arabtelegraph.com\/index.php?rest_route=\/wp\/v2\/posts\/50521\/revisions\/50525"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.arabtelegraph.com\/index.php?rest_route=\/wp\/v2\/media\/50524"}],"wp:attachment":[{"href":"https:\/\/www.arabtelegraph.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=50521"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.arabtelegraph.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=50521"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.arabtelegraph.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=50521"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}