China Spins a Trade-Deal Trap in Bad Debt Market
A porter carries a sack of goods down a flight of steps past stores in Chongqing, China. (Photographer: Qilai Shen/Bloomberg)

China Spins a Trade-Deal Trap in Bad Debt Market

(Bloomberg Opinion) -- China is opening the deepest, darkest corner of its strained financial system to American financial institutions. It’s not clear why investors would want to go there, even wi...
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