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Triangular debt, a problem that first troubled China’s economy over three decades ago, has resurfaced as the country’s post-pandemic recovery is challenged by weak demand at home and abroad.
According to the probe, the triangle debt problem among companies in the equipment manufacturing, coal, and iron and steel industries is "relatively prominent," the newspaper said, citing a source ...
China’s top leadership is cranking up the pressure on provincial authorities and state-owned enterprises to pay back money owed to private companies, calling on them to “shoulder the ...