(Bloomberg) — One surprising part of the trade deal struck between U.S. President Donald Trump and Beijing is that U.S. investors won a direct shot at the potentially lucrative job of helping China clean up its heap of bad debt.China is embracing foreign capital as it grapples with a tide of soured debt. Some estimate it to have topped $1 trillion as the trade war weighed on economic growth and a long crackdown on shadow banking choked off liquidity.The Communist Party-ruled nation is trying to instill more discipline in the market as corporate defaults have hit records for two straight …read more
Source:: Yahoo Finance
