China’s Kangdexin made up ¥12B in profit
via Bloomberg: China’s private enterprises under President Xi Jinping appear to be holding the short end of the stick. The government’s earnest deleveraging campaign has hit the sector disproportionately hard, and a never-ending trade war with the U.S. has hurt manufacturing, the core of China’s entrepreneurial spirit. That’s only part of the story. Private businesses aren’t merely … Read more