China ... secret ... zombie ... debt
That headline has got it all really. Maybe a sex scandal angle and it'd be complete.
Anyway, onwards and about that list:
- Commonly referred to as the "zombie list," it's compiled by Jiangxi regional authorities and holds the names of the most deadbeat of borrowers: state-owned companies deemed too weak to survive and destined to be wound down. In short, the kind of enterprises banks already weighed down by rising bad loans want to steer well clear of.
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