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Itochu’s big bet on China’s Citic puts profit target in jeopardy

Linda J. Dodson 5 years ago

TOKYO — While other Japanese trading houses grapple with plunging resource prices, Itochu faces a different sort of risk through its business ties to China, whose economy has just begun to recover from the coronavirus pandemic. Itochu in 2015 acquired a roughly 10% interest in Citic, China’s largest state-owned conglomerate, which operates in […]

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