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Indebted Chinese companies increase pressures on govt

After having borrowed heavily in good times, they now face cash crunch as China's growth slips to 7%

Hong Kong

SAINTY Marine Corp started small, buying and selling a few ships in the 1980s. But the state-owned Chinese company went on a debt-fuelled binge during the past few years, opening its own shipyards and signing orders worth hundreds of millions of dollars apiece.