China Conglomerates Aim for Reset in Tighter Credit Environment (Reuters)

More than a year ago, China abruptly shifted from a policy of providing its private conglomerates with cheap cash to push them to become global champions, and tightened capital controls and bank credit. That seismic shift is still being felt today, as the non-state companies dump property and company stakes, and grapple with developing coherent strategies. READ MORE

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