China's debt dilemma, cash crunch in Wuhan | English News
Edited By WION Video Desk
Published: May 30, 2023, 04:25 IST | Updated: May 30, 2023, 04:25 IST
The bustling city of Wuhan in China will face a financial storm that is brewing. Once the epicenter of the COVID-19 pandemic Wuhan now faces a new challenge and that is about collecting debt from hundreds of local companies. The city's Finance Bureau has made an unprecedented public demand urging 259 entities to repay their debt which totals well over a hundred million Yuan which is about 14 million dollars.
trending videos
)
Hawaii braces for Hurricane Nolo: NOAA warns of flash flooding and mudslides
)
Toshisuke Kanazawa wins title day after turning 90
)
IMF pushes 174 reforms in Pakistan: $4.5bn already disbursed under IMF programmes
)
New wellness trend focuses on a natural inner glow
)
Cocoa crunch: Why chocolate may stay pricey
)
India slams Pak at UN: India replies to Shehbaz Sharif's speech at UN General Assembly
)
Egypt warned Israel before Oct. 7? New report reveals secret visit by spy chief Abbas Kamel
)
J&K: Political row erupts over J&K book withdrawls
)
Aryatara, Ganesh and Bhairab: Three living deities
)
West Asia's war hits global arts: The concerts and events cancelled in 2026
)
Trump-Xi summit: Trump hails great friendship with Chinese president
)
Yemen's war escalates: Saudi-backed leader calls for general mobilisation against the Houthis
)
SRK remains India's richest actor despite wealth drop
)
NDA leaders open up on election commission controversy
)
Hungarian researchers study 20 dogs & their human companions
)
WION Iconic Tourism Summit 2026: Union Minister Shekhawat on 'experiential travel', peace diplomacy
)
Trump-Xi summit photo sparks AI controversy as experts flag signs of digital alteration
)
US-Iran war: Reports suggest Trump skeptical Tehran will meet his demands
)
Pope Leo's four-day france visit: Lourdes, prayer and a meeting with abuse survivors
)
Trump-Xi summit: Trump says US-China talks made 'great strides'
)
Italy bans face-covering veils & caps non-Italian classrooms at 30%
)
DU students protest after alleged rape in Delhi's Aastha Kunj
)
Tamil Nadu's anti-graft watchdog report reveals bribes taking UPI route
)
Yemen's war escalates: Saudi coalition says drones headed for Riyadh intercepted
)
UNGA 2026: Israeli PM attacks Britain, France for past colonialism
)
Netanyahu denounces enemies, allies in UN speech
)
India flags brutal violence in Pak-occupied Jammu Kashmir
)
Iran flexes muscle with mass mobilisation campaign, vows to resist US
)
OpenAI investigates leak of 53 images linked to ChatgGPT users
)
Trump-Xi Summit: China-US Leaders Discuss AI & 'Super Intelligence'
)
India slams Pak at UNSC: India flags brutal violence in Pakistan-occupied Jammu & Kashmir
)
Ethiopia: Tigray's fragile calm shatters after 4 years, residents stock up on sim cards, essentials
)
Iran secretly bypasses the US Hormuz blockade through Turkey's land routes
)
‘China shock 2.0’ looms over global industry
)
Trump administration gains access to voter data
)
China warns Philippines to stop 'provocations'
)
Gaza's war turned environmental damage into second crisis
)
Saudi oil exports surge despite Iran war
)
Infections transmitted from pregnant woman linked to autism risk
)
Canada capital moves to rename street as tensions with US rise
)
India's UN Envoy slams Pakistan: 'They claim security by day, terrorism by night'
)
Manchester City found guilty: Premier League delivers its verdict on the FFP charges
)
Wrestlers challenge Brij Bhushan's acquittal, allege 'selective reading' of evidence
)
WION Iconic Tourism Summit: How local tourism MSMEs must upskill for AI integration
)
Trump-Xi summit: Xi wraps up us visit with 21-gun salute as Trump, Xi lock in 'strategic stability'
)
Baniyas to Baghdad: Syria's new fuel corridor to Iraq
)
India's insurance regulator overhauls policies
)
China warns Philippines to stop 'provocations' as Manila sends supplies to grounded warship
)
Infantry 2.0: How drones and digital weapons are rewriting the rules of war