A circular weaving machine at a textile factory in Shangqiu in China's central Henan province on September 8, 2018. Photo: STR/AFP

China’s financial bailout promotes the survival of the fittest, leaving weak borrowers to fend for themselves

  • China’s financial bailout for smaller private-sector firms is intended only for those with sound fundamentals
Topic |   People’s Bank of China

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A circular weaving machine at a textile factory in Shangqiu in China's central Henan province on September 8, 2018. Photo: STR/AFP
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Karen Yeung

Karen Yeung

Karen Yeung joined the Post in 2017 after more than 15 years' experience on global newswires in Hong Kong and Shanghai. She spent eight years in Shanghai and has received awards for best feature, analysis and agenda-setting.