[Economy column from China]
2023-11-12 00:09:00
When you hear the words ``three sectors go bankrupt'' and ``the third sector is in huge deficit,'' some people may remember old news stories that occurred in various parts of Japan. Now, in China, a similar "three-sector problem" is about to ignite, with the country facing an order of magnitude larger debt. It is an investment company called ``Rentin Heidai''. China's version of the three-sector problem threatens to cause local financial crises and shake up global financial markets. What exactly is it like? (Naoto Shimomura, China General Bureau reporter)
