Some state-owned enterprises in China, including in the coal industry, continue to suffer from falling prices and bloated workforces. And transforming them to commercially viable businesses has been slow. Photo: Reuters Some state-owned enterprises in China, including in the coal industry, continue to suffer from falling prices and bloated workforces. And transforming them to commercially viable businesses has been slow. Photo: Reuters
Some state-owned enterprises in China, including in the coal industry, continue to suffer from falling prices and bloated workforces. And transforming them to commercially viable businesses has been slow. Photo: Reuters
China economy

Debt at China’s state-owned firms in spotlight as credit tightening raises default pressure

  • Chinese state firms defaulted on 71.8 billion yuan (US$11.1 billion) worth of debt in 2020 – the largest total since China allowed defaults in 2014
  • Analysts say any defaults of weak state-owned enterprises would be highly contagious and impact the entire credit market

Topic |   China economy
Some state-owned enterprises in China, including in the coal industry, continue to suffer from falling prices and bloated workforces. And transforming them to commercially viable businesses has been slow. Photo: Reuters Some state-owned enterprises in China, including in the coal industry, continue to suffer from falling prices and bloated workforces. And transforming them to commercially viable businesses has been slow. Photo: Reuters
Some state-owned enterprises in China, including in the coal industry, continue to suffer from falling prices and bloated workforces. And transforming them to commercially viable businesses has been slow. Photo: Reuters
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