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China’s centrally-owned state firms are actively coping with trade war – regulator

China’s centrally-owned state firms are actively coping with the impact from a trade war with the United States, the state assets regulator said on Thursday.

Centrally-owned state firms have signed debt-to-equity swaps agreements worth 500 billion yuan ($75.02 billion), the State Assets Supervision and Administration Commission (SASAC) said.
Source: Reuters (Reporting by Kevin Yao Editing by Jacqueline Wong)

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