China has a rapidly aging population. Last year, about 297 million people were aged 60 or above, over one-fifth of the ...
China Resources Power’s financial leverage is high, with a net gearing ratio of about 1.88 times as of end-2023, and EBITDA interest coverage ratio of 7.3 times in 2023. This is similar to other ...
Beijing’s recent attempt to address the trillions in hidden debt held by local governments only scratches the surface.