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China Keeps State Firms Borrowing as Local Governments Drown in Debt

China’s Nov. 4 rescue of Zhuhai Huafa Group shows how implicit state guarantees let government‑owned firms pile up debt while profits stagnate. China’s State Rescue Fuels...

State AGs Target Big Four Accounting Firms Over Climate Disclosure Claims

A coalition of 16 state attorneys general has opened an investigation into the Big Four accounting firms, alleging they forced climate‑related disclosures on client...

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