China’s cash flows deteriorate and corporate borrowing soars

As per a business survey released on Thursday, the fourth-quarter economic growth of China has been the weakest of 2019. However, compared to the previous quarter and the same period a year ago, it still showed improvements. 

Compared to the previous quarter, Manufacturing and services saw the strongest revenue improvement. However, the profit was ‘muted’. It was suggested by the research firm China Beige Book’....