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Chinese companies pile on debt as others battle high rates

Beijing keeps the cash spigot open for state-owned players -- for now

HONG KONG The two biggest engines boosting economic growth in Asia, China and India, also have the most indebted companies in the region. They helped push the total borrowing of the 300-plus companies in Nikkei's Asia300 list to $1.51 trillion last year, excluding financial services, a rise of 47% from five years ago, according to data from QUICK-FactSet.

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