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# Macro #
Cover Story: China’s Effort to Move Mountain of ‘Hidden Debt’ Faces Uphill Climb
Local governments’ invisible debt could be as high as almost $10 trillion, double Japan’s GDP, posing a risk of destabilizing the banking and financial sector
In Depth: Local Governments Struggle to Get On Top of Their Hidden Debt
Despite a decade of efforts to clean up trillions of yuan of off-the-books liabilities, many local authorities are still hunting for solutions
Cover Story: China’s Economic Revival Threatens Clean Air Gains
Notorious smog returns to Chinese cities as industries recover from Covid-19 shutdowns
# Industry #
In Depth: Chinese Firms Flock to Saudi Arabia in Middle East Gold Rush
Companies from Alibaba and Tencent to startups, especially those focused on AI, cloud, fintech and e-commerce, are finding growing opportunities in the kingdom
Cover Story: Chinese Exporters Turn Toward Emerging Markets
The developing countries of the Belt and Road initiative are replacing developed nations of the West
Five Things to Know About Chinese Trust Firms’ Scramble to Offload Risky Assets
The industry, long a source of shadowy funding for property developers, faces a reckoning now that the real estate industry is in crisis
Cover Story: China’s Tobacco Monopoly Is Swept Up in Corruption Probes
Investigations have ensnared nearly 20 senior officials in an industry that supports the habits of 300 million smokers
In Depth: Why Time Banks Haven’t Caught On in China
Programs that allow people to accumulate credits for helping out seniors now that can be spent for volunteer assistance later face a host of obstacles
# Company #
In Depth: Chinese Fast Fashion Platforms Could Be Next U.S. Target
A scathing report from an advisory body to the U.S. Congress has industry insiders expecting firms like Temu and Shein to face regulatory pressure
