Customers hold Chinese yuan banknotes while shopping inside a wet market in the Sanlitun area of Beijing, China. (Photographer: Brent Lewin/Bloomberg)

Why China’s Debt Defaults Look Set to Pick Up Again

(Bloomberg) -- Chinese companies are facing a reality check after years of ramping up debt. A deleveraging campaign that President Xi Jinping began in 2016 to curb risks in the nation’s financial m...

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