Bond Defaults Reach Once-Safe Corners of Chinese Finance

A commodity merchant has turn China’s initial state-owned craving to inflict waste on dollar bondholders in dual decades, according to SP Global Ratings, a new landmark in a rising call of defaults.

Chinese authorities are permitting some-more companies to renege on their debts, where once they would have found ways to operative bailouts. So distant defaults have mostly been strong in credit-starved private companies, though even some groups with state subsidy are now unwell to repay creditors as promised.

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