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please give me a summary and an analysis and explanation for this article Chinese state-owned companies are in trouble. That could hurt the global

please give me a summary and an analysis and explanation for this article "Chinese state-owned companies are in trouble. That could hurt the global recovery" from cnn

https://www.cnn.com/2020/12/09/economy/china-debt-defaults-state-companies-intl-hnk/index.html

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