Business
China is grappling with a ‘devil’s bargain’ – Sydney Morning Herald
The debt-riddled underbelly of some of China’s bigger companies may be part of the explanation for the recent radical shift in…
It has about $330 billion of liabilities and, along with the bad debts it was supposed to manage, a disparate collection of businesses and other assets it had acquired in a spending spree well beyond its original mandate. Its chairman, and the architect…
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