How The Red Ponzi Boomed: Reckless Debt-Fueled Business Expansion

Full-steam growth also masked companies’ strategic mistakes—in addition to excessive debt, many overexpanded into unfamiliar and crowded business sectors. These problems are becoming increasingly apparent as China’s economy slows to its weakest growth in more than 25 years. The companies’ struggles foretell a further drag on the expansion.

 

 

 

 

 

 

 

 

 

 

https://www.wsj.com/articles/heavy-debt-begins-to-crush-chinas-corporate-giants-including-the-jewelry-queen-11562597217?mod=hp_lead_pos5

 

 

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