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Record Defaults by Chinese Companies – Wolf Street

Full Article: Wolf Street

Defaults by Chinese companies on bonds they issued in China (“onshore” bonds, as opposed to “offshore” bonds) soared to a record in 2019, according to a report by FITCH Ratings.

  • 45 companies defaulted on 117 bonds, with a total principal amount of 110.5 billion yuan ($16.3 billion)

 

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