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FEB 25, 2014 - Yahoo! News

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China's $12 trillion corporate debt pushes up refunding costs, drives mergers

By Matthew Miller and Umesh Desai BEIJING/HONG KONG (Reuters) - China's corporate debt has hit record levels and is likely to accelerate a wave of domestic restructuring and trigger more defaults, as credit repayment problems rise. A Thomson Reuters analysis of 945 listed medium and large non-financial firms showed total debt soared by more than 260 percent, from 1.82 trillion yuan ($298.4 billion) to 4.74 trillion yuan ($777.3 billion), between December 2008 and September 2013. While a credit crisis isn't expected anytime soon, analysts say companies in China's most leveraged ... Read More

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