Sunday, March 13, 2016

Vampire attack: Debt-laden companies imperil China's growth

China isn't just contending with falling stocks, a plunging currency and a slowing economy.

It's got vampire trouble, too.

The Chinese economy is pock-marked with companies that can't pay their bills and survive only with government help. Jiangshi, the Chinese call them — "vampire companies." Or zombies.

Read more... http://finance.yahoo.com/news/vampire-attack-debt-laden-companies-151812817.html
Vampire attack: Debt-laden companies imperil China's growth