TOKYO -- China is bracing for another wave of business failures this year, as companies fall victim to the slowing economy and unresolved trade tensions with the U.S.
Insolvencies will rise 20% in 2019, trade credit insurer Euler Hermes predicts -- far exceeding the global rate of 6%. This comes on top of last year's 60% jump in the country, where economic growth has reached the lowest in a decade.
