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China's debt dilemma, cash crunch in Wuhan | English News
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.
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