Three corporate giants are posing a stiff test for Chinese banks
The country’s big lenders dare to be dull
NOT LONG ago the conventional wisdom was that China would do whatever it took to save its biggest companies from failing. Times have changed. Three corporate giants—Evergrande, the country’s biggest property developer; Huarong, its biggest investor in bad bank assets; and Suning, a retail giant—are all suffering from financial distress.
This article appeared in the Finance & economics section of the print edition under the headline “Brace, brace”
Finance & economics June 26th 2021
- The international role of the euro
- Global markets adapt to a change in the Federal Reserve’s tone
- Three corporate giants are posing a stiff test for Chinese banks
- A new phase in the financial cycle
- An anniversary for free traders
- Europe’s biggest neobank wants to take over the world
- Economics needs to evolve
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