ABU DHABI / WAM Dr Thani bin Ahmed Al Zeyoudi, UAE Minister of Foreign Trade, ...
Read More »China’s borrowers have an $890 billion problem
Chinese industrial borrowers are strapped for cash, as billions of dollars of debt come due this year. The ones that benefited from Beijing’s largess should be most worried. Issuers are on the hook for more than 6 trillion yuan ($890 billion) in 2019, up 15% from a year earlier. Companies in sectors including mining and materials, capital goods and real ...
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