New China struggling to emerge as old industries drown in debt
Large “old industry” companies are at the heart of China’s debt problem while “new industry” peers are less vulnerable but still comparatively small, according to the Natixis China Corporate Debt Monitor, the first in a series of annual reports on Asia’s corporate health, published today by Natixis.
The Natixis China Corporate Debt Monitor is the first in a series of annual reports on Asia’s corporate health. It offers a deep-dive look at the repayment ability of the largest 3,000 listed Chinese companies, and compares them with their global peers. The report breaks down its conclusions based on the companies’ sectors, but also by ownership and size. The depth and breadth of the analysis tells a story unseen in the headline debt figures; that vulnerability across Chinese corporates is far from homogenous.
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