Wed, Mar 29, 2017 - Page 10 News List

Huishan collapse exposes China debt, bank risks


Questions remain about how Huishan got itself into this position and whether it can survive the storm. However, with more than 11,600 employees and 11 billion yuan (US$1.6 billion) of debt due within a year as of September last year, Liaoning’s government and Huishan’s banks have big incentives to avoid a collapse.

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