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Debt Crisis Shakes Chinese Town, Pointing to Wider Problems – New York Times

April 25, 2017
By

New York Times
Debt Crisis Shakes Chinese Town, Pointing to Wider Problems
New York Times
SHANGHAI — In China, it’s all about whom you owe. That precise question — who owes what to whom? — shook the Chinese industrial town of Zouping in recent weeks. Some businesses closed. City officials engineered a desperate corporate takeover.

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