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China’s financial firms, originally created to manage bad loans and defuse credit crises, are now struggling with their own...
Institutions & debt

China’s Debt-Bomb Squad Faces Its Own Crisis

China’s financial firms, originally created to manage bad loans and defuse credit crises, are now struggling with their own debt problems. Guohou Asset Management, a key player in this sector, has become the first to require restructuring, signaling potential trouble ahead for others in the debt-bomb squad.

The Economist16 August 2026