Chinese state-owned companies are starting to default on their debts. It’s a problem that could ripple through the country’s financial system, threatening to slam the brakes on the nation’s economy and hobble the global recovery from the pandemic.
Chinese state-owned companies are starting to default on their debts. It’s a problem that could ripple through the country’s financial system, threatening to slam the brakes on the nation’s economy and hobble the global recovery from the pandemic.
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