Huarong: Why only some SOEs in China are "too big to fail," Australia revokes BRI deal & Volkswagen not happy with Great Wall Motors new "Beetle" -- China Boss News 4.26.21
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Huarong: Why only some SOEs in China are "too big to fail”
The “Big Story in China Business” for the past few weeks has been the possible collapse of state-owned Huarong Asset Management, a distressed-asset management company (AMC), with $262bn in assets that was created in the 1990’s to deal with bad debts from China’s big…
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