Private companies in sectors such as steel are most exposed to defaults because their financial profiles are relatively weak. Photo: Reuters Private companies in sectors such as steel are most exposed to defaults because their financial profiles are relatively weak. Photo: Reuters
Private companies in sectors such as steel are most exposed to defaults because their financial profiles are relatively weak. Photo: Reuters

Beijing corporate bailout myth dispelled

No more automatic bailouts as central government allows more firms to default amid market reforms and cooling economy, Moody's says

Private companies in sectors such as steel are most exposed to defaults because their financial profiles are relatively weak. Photo: Reuters Private companies in sectors such as steel are most exposed to defaults because their financial profiles are relatively weak. Photo: Reuters
Private companies in sectors such as steel are most exposed to defaults because their financial profiles are relatively weak. Photo: Reuters
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