China’s zero-Covid stance could worsen debt problems for companies

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People queue to undergo nucleic acid testing for the Covid-19 coronavirus in the city of Ruili which borders Myanmar, in China’s southwestern Yunnan province on July 5, 2021.

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China’s zero-Covid approach could worsen the debt situation of the country’s companies, some of which are already in financial distress, says ratings giant S&P Global Ratings.

The firm warned in a report last week that the global resurgence of Covid and China’s…



Source cnbc.com

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