Mainland corporate borrowing soars to service debt

Mainland companies are spending more than ever to service debt after their borrowing almost tripled over five years, prompting strategists to warn of rising default risk and a threat to economic growth.

Total short and long-term borrowing by 3,895 publicly traded non-financial companies rose to almost US$1.7 trillion in their latest filings, from US$604 billion at the end of 2007, data shows.

via Business feed http://www.scmp.com/business/economy/article/1138277/mainland-corporate-borrowing-soars-service-debt