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China Tells Firms to Toughen Up or Prepare to Fail

  • Beijing wants to reduce debt, make markets more effective
  • Tighter financial conditions to challenge cash-strapped firms
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Watch: Chinese authorities are telling companies to toughen up or prepare to be allowed to fail. (Source: Bloomberg)

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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.