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Subscriber OnlyMarketsChina Tells Firms to Toughen Up or Prepare to FailBeijing wants to reduce debt, make markets more effectiveTighter financial conditions to challenge cash-strapped firmsWatch: Chinese authorities are telling companies to toughen up or prepare to be allowed to fail. (Source: Bloomberg)BySofia Horta e Costa+FollowJanuary 4, 2021, 8:00 PM UTCSign up for Next China, a weekly email on where the nation stands now and where it's going next.China is turning the screws on the nation’s companies as authorities seek to take advantage of the global pandemic to strengthen its industrial might.
