China SOE reforms shift risk around financial system
China’s state-owned enterprises are seeing an uptick in financial performance, but new risks are emerging
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In this article
- Supply-side reforms
- Cutting industrial capacity
- Corporate deleveraging
- Improving weak links
- Signs of improvement
- The case of China Unicom
- Redistributing risk
- Double-edged sword
- Debate over statistics
- Effect on the financial system
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