| 1 | When they did, borrowers defaulted and banks cut their lending. | |
| 2 | This means that you don't have much extra spending money right now and it would be very difficult for you to pay the money back at this time. | |
| 3 | You shouldn't be scared to do business in China, but you need to know that relying on the law to avoid making payments to Chinese businesses doesn't usually work. | |
| 4 | If you're in a situation where you have borrowed money, make a concerted effort to pay it back - or at least make it clear that you're not just blowing off the debt. | |
| 5 | Investment-grade debt might look attractive on a five-year view, if all you have to worry about is the risk of default. |
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