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China’s $17 Trillion Debt Mountain Isn’t as Scary as It Looks

  • The country’s top firms are cleaning up their balance sheets
  • Deutsche Asset is bullish on large-cap Chinese stocks
Bloomberg business news

China Inc. Healthy in Spite of Debt

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There’s been no shortage of bad news when it comes to China’s massive debt pile, from turbulence in the corporate bond market to last month’s sovereign rating downgrade by Moody’s Investors Service.

But look beyond the negative headlines, and one encouraging fact stands out: China’s biggest companies are healthier than they’ve been in years.