China S1 2020 Report
Growth Rate Adjusts in China; Coronavirus Panic Hits Manufacturing Industry Hard
After years of poor oversight, debt held by Chinese banks is growing at an unprecedented pace; defaults on corporate bonds have reached record numbers. Manufacturing and service indices are plummeting as a result of the impact of the coronavirus epidemic. Only 30 percent of small and medium enterprises are in operation. The prospect of economic stagnation is already a reality.
