Fog over Qingdao, in China's eastern Shandong province. Cross guarantees are more prevalent in the Shandong and Zhejiang provinces, according to S&P analysts. Photo: Xinhua

Cross guarantees between companies a significant risk in certain parts of China, according to S&P

Cuts in capacity and tightened liquidity could trigger domino of defaults

Topic |   Banking & Finance

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Fog over Qingdao, in China's eastern Shandong province. Cross guarantees are more prevalent in the Shandong and Zhejiang provinces, according to S&P analysts. Photo: Xinhua
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