This chart makes the point rather bluntly: many Chinese firms only have a quarter's worth of cash before bankruptcy.
With more cases of #COVID19 coming up every day, will Chinese credit markets hold up?pic.twitter.com/cGZa8YdEWw
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Kind of agree with this take on #CoronavirusOutbreak... More than $20B in Chinese corporate defaults in 2019, and the outbreak can only make it worse in 2020. If there is a debt crisis the human suffering will be greatly compounded.https://twitter.com/WantToDieOnMars/status/1231769476430848000 …
This chart makes the point rather bluntly: many Chinese firms only have a quarter's worth of cash before bankruptcy.
With more cases of #COVID19 coming up every day, will Chinese credit markets hold up?pic.twitter.com/cGZa8YdEWw
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