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Long-term economic stagnation, and not a sudden crisis, may be in China’s future as corporate profits fall and debt burdens rise

3 weeks ago
Sky Canaves
round a quarter of Chinese companies did not earn enough profits to cover their debt obligations in the first half of 2016, but banks have followed Beijing's calls for leniency despite growing international criticism of China's resistance to allowing corporate defaults.
By Sky Canaves
Sky Canaves previously reported for The Wall Street Journal in Beijing and Hong Kong, where she covered media, culture, social issues, and legal affairs, and served as the founding editor and lead writer of the WSJ’s China Real Time site. Prior to becoming a journalist, Sky worked in the China corporate law practice of Baker & McKenzie, and she has also taught journalism and media law at the University of Hong Kong. She speaks Mandarin and has accumulated more than a decade's experience living, studying and working in China.