Xi
Jinping
Reuters
-
Tightened credit conditions have one Chinese
manufacturer with $7 billion in debt begging for help. It won’t
be the last one to do so. -
Beijing will have to start deciding who lives and who
dies in China’s corporate sector. -
Investors shouldn’t just worry about who gets bailed
out, they should also worry about how. In China, healthy
companies can easily be conscripted to save sick ones.
A private Chinese manufacturer, DunAn Group, has
sent a letter begging the Chinese government to help it out
with its $7 billion of debt.
Expect to hear more companies cry for help as the government
…
Read the full article at: http://www.businessinsider.com/corporate-debt-forces-beijing-to-pick-winners-and-losers-2018-5
