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Chinese Debt; The Looming Crisis

Chinese Debt; The Looming Crisis

2.6 trillion yuan, or around $0.5 trillion of Chinese non-financial corporate debt is expected to come due during 2014. This figure includes principal repayments and interest and is the largest figure on record for Chinese companies. Last year gear ratios among non-financial Chinese companies reached 93%, while the average across Asia remained below 70% and has done for the past decade. But with so much debt coming up for repayment, Chinese companies are facing an increasingly hostile lending environment. Back…

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