The Red Ponzi Steals Another Idea From The West---Bankruptcy!

In the trenches of China’s debt-addled economy, the government has made a startling decision: Let companies fail.......After a decade of rapid expansion and heavy borrowing, China’s growth is slowing. Courts nationwide accepted close to 19,000 corporate bankruptcy filings in 2018, more than triple the number two years earlier.

 

 

 

 

 

 

 

https://www.wsj.com/articles/china-embraces-bankruptcy-u-s-style-to-cushion-a-slowing-economy-11573058567?mod=hp_lead_pos5

 

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