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News Link • China

It's Not 2008 For Chinese Companies — It's Worse

• arclein

In a recent report Morgan Stanley described a grim future for corporates, especially in sectors like mining, property development, and industrials. The picture is pretty bad all around, but these industries are the most vulnerable given market conditions. Companies in these sectors are seeing lower profit margins, excess capacity, and eroding pricing power. To make up for that, they're spending too much cash while levering up.

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