There we go -
edition.cnn.com
It was bound to happen. There is only so far you can go far with an opaque accounting system
![edition.cnn.com](/proxy.php?image=https%3A%2F%2Fcdn.cnn.com%2Fcnnnext%2Fdam%2Fassets%2F201208051640-restricted-brilliance-auto-group-china-0611-super-tease.jpg&hash=7a894687eb5af8fdae047e02342c3e6a&return_error=1)
Chinese state-owned companies are in trouble. That could hurt the global recovery
Chinese state-owned companies are starting to default on their debts. It's a problem that could ripple through the country's financial system, threatening to slam the brakes on the nation's economy and hobble the global recovery from the pandemic.
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It was bound to happen. There is only so far you can go far with an opaque accounting system