Mainland faces growth threat as some companies are spending more than ever to service debt after their borrowing almost tripled over five years. Total short and long-term borrowing by 3,895 publicly traded non-financial companies rose to almost USD1.7 trillion from USD604 billion in 2007.
Financing costs, including interest, on all form of debt climbed to the highest level as a percefrntage of gross domestic product last year.
~ SCMP, January 29, 2013 ~