China’s Li Keqiang warns investors to prepare for wave of bankruptcies

China’s Li Keqiang warns investors to prepare for wave of bankruptcies
China is braced for a wave of industrial bankruptcies as its slowing economy forces companies with sky-high debts to the wall, the country’s premier has said. Premier Li Keqiang told lenders to China’s private sector factories they should expect debt defaults as the world’s second largest economy encounters “serious challenges” in the year ahead.