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Datawatch

Asia's 'zombies' concentrated in India, Indonesia and South Korea

Debt-laden companies kept alive by easy credit have doubled in decade

Asia has not been insulated from the risk of surging corporate debt. 

TOKYO -- Zombie companies, or corporate underachievers overdosed on cheap credit, are proliferating across the globe, threatening to derail the weakening world economy.

Worldwide, the number of companies that do not generate sufficient profits to cover their interest payments and survive only by repeatedly refinancing their loans has doubled in a decade to constitute a fifth of all corporations, Nikkei research shows.

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