In a Shift, China to Aid Some Private Companies Amid Economic Distress
Posted on 10/05/2019
China is rushing to the aid of private companies in the midst of a worsening economic slowdown. This is a reversal of China’s previous policy to push state-owned companies to strengthen balance sheets and offload expensive assets. Chinese conglomerate HNA Group took their hotels to the market after Beijing warned them about their high debt […]
