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Chinese Companies Are Defaulting On Their Debt — Experts Fear A Worldwide Crisis Is At Hand

2019-01-19 0 Dailymotion

According to Business Insider, the sheer scope of debt levels in China are leading to fears that the country could be teetering on the edge of a crisis.<br />A "startling" number of Chinese companies are relying on new borrowing to cover the interest on existing loans, according to Pantheon Macroeconomics.<br />Rising US interest rates will put pressure on how much easing policy Chinese regulators can implement. <br />

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