A Chinese College Nurtured a Sprawling Business Empire. Then Came a Debt Crisis.

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A Chinese College Nurtured a Sprawling Business Empire. Then Came a Debt Crisis.
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China’s crushing debt burden is weighing on an unlikely place: one of its top universities

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Peking University Founder Group, a conglomerate majority-owned by the school, for years used its research prowess, elite connections and implicit state backing to expand in industries from electronics to commodities trading and health-care services. International investors helped fund the rapid growth by buying up the group’s debt as recently as last summer.

 

u are sofunny

Please respect the Chinese and the Chinese people!!!Apologize!Now!!!

and the US's debt?'

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