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

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.

It was bound to happen. There is only so far you can go far with an opaque accounting system