In the past few years, there should have been a flood of distressed mergers and acquisitions involving Chinese companies. In the good times, they had borrowed extensively both at home and abroad, then growth slowed, a trade war with the US blew up and cash flow fell away.
過去幾年，本應出現(xiàn)大量涉及中國企業(yè)的不良資產(chǎn)并購交易。在經(jīng)濟景氣時期，它們在國內(nèi)外大舉借債，接著增長放緩，與美國的貿(mào)易戰(zhàn)爆發(fā)，現(xiàn)金流萎縮。
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