China’s bond market stress creates US$26 billion headache as private firms face unprecedented funding squeeze

China’s bond market stress creates US$26 billion headache as private firms face unprecedented funding squeeze

South China Morning Post - China·2019-12-19 07:00

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China’s private firms have failed to raise enough fresh funds to repay maturing debt in first deficit since records began

Elevated borrowing costs have produced shocking delinquencies even among state-owned enterprises in recent months

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