A series of defaults testing the safety net for Chinese bonds – Financial Times
When a central Chinese state-owned coal company defaulted on a bond worth $ 152 million this month, the slippage looked unlikely to send tremors into the world’s second-largest economy. Prior to the Yongcheng Coal and Electricity Holding Group default on Nov. 10, only five Chinese state-owned enterprises (SOEs) failed to repay bonds in the first […]
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