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Financial Time-Bomb Ticking In China?

Financial Time-Bomb Ticking In China?

BusinessToday.In
BusinessToday.In
  • New Delhi ,
  • May 31, 2023,
  • Updated May 31, 2023, 10:53 AM IST

 

Wuhan, the epicenter of the Covid-19 epidemic is literally going broke. City officials have asked more than 250 companies to immediately pay up their outstanding and debts. Embarrassingly, these debtors include government departments alongside private companies.

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