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
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