A teller counts yuan banknotes in a bank in Lianyungang, east China's Jiangsu province. Photo: AFPA teller counts yuan banknotes in a bank in Lianyungang, east China's Jiangsu province. Photo: AFP
A teller counts yuan banknotes in a bank in Lianyungang, east China's Jiangsu province. Photo: AFP

Three tonnes of mouldy cash show why China is taking action against Huarong’s debt burden

Huarong transformed from China’s biggest processor of distressed assets into one of the country’s largest debtors in the span of two decades

Topic |   Corruption in China
A teller counts yuan banknotes in a bank in Lianyungang, east China's Jiangsu province. Photo: AFPA teller counts yuan banknotes in a bank in Lianyungang, east China's Jiangsu province. Photo: AFP
A teller counts yuan banknotes in a bank in Lianyungang, east China's Jiangsu province. Photo: AFP
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