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What is asset stripping ?

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Danielle
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Asset stripping involves selling the assets of a business individually at a profit. The term is generally used in a disapproval sense as such activity is not considered productive to the economy.

Asset stripping is considered to be a problem in economies such as Russia or China that are making a transition to the market. In these situations, managers of a state-owned company have been known to sell the assets which they control, leaving behind nothing but debts to the state.

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