Surprise wave of bond defaults by Chinese state-owned companies scares investors – CNBC
A man counting 100 renminbi banknotes, the Chinese currency. Sheldon Cooper | SOPA Pictures | LightRocket via Getty Images SINGAPORE – A series of high-profile defaults involving state-owned companies in China – normally a safe choice for investors – rocked the credit market and rocked investors, leading to the bond market liquidation last week. As […]
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