
SHANGHAI -- China and its regional governments have created funds to help state-owned companies guard against defaults, readying 210 billion yuan ($32.5 billion) to alleviate financing constraints.
Move to quell investor concerns risks prolonging lives of 'zombie' companies
SHANGHAI -- China and its regional governments have created funds to help state-owned companies guard against defaults, readying 210 billion yuan ($32.5 billion) to alleviate financing constraints.
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