South-Africa: The Economist: Forget debt. Here’s the most dangerous corner of every balance sheet

Published on

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15 Oct 2025, 11:06 am

Key topics: Receivables hide financial stress and can fuel corporate fraud.

Financing receivables has grown into a $4trn global industry.

China’s local-government receivables pose a major economic risk.

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From The Economist, published under licence. The original article can be found on www.
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