Millions of Chinese Firms Face Collapse If Banks Don’t Act
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https://www.bloomberg.com/amp/news/articles/2020-02-23/millions-of-chinese-firms-face-collapse-if-banks-don-t-act-fast
Bloomberg.com
Millions of Chinese Firms Face Collapse If Banks Don’t Act
Brigita, a director at one of China’s largest car dealers, is running out of options. Her firm’s 100 outlets have been closed for about a month because of the coronavirus, cash reserves are dwindling and banks are reluctant to extend deadlines on billions…