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  • Beijing's talking a tough line about reforming China's (over) investment-led growth model, but the impending failure of the country's largest shipbuilder -Rongsheng Heavy Industries, well-connected and employing 20K - will likely cause policymakers to blink. Talk about a miss - the company had sales of $55.6M last year against a target of $1.8B. The annual report shows short-term borrowings 8x greater than cash on hand. [View news story]
    What effect do you think this will have on the Emerging Markets and Japan?
    Jul 8, 2013. 08:32 PM | Likes Like |Link to Comment
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