The Dongbei Special Steel plant in Denshahe, 50km northeast of downtown Dalian. Photo: SCMP Pictures

Xi Jinping’s debt-relief recipe: how China’s biggest bond defaulter unloaded its liabilities

Dongbei Special Steel, which plays a key role in China’s space programme, had debts of 44 billion yuan

Topic |   China economy

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The Dongbei Special Steel plant in Denshahe, 50km northeast of downtown Dalian. Photo: SCMP Pictures
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