Bond Defaults Reach Once-Safe Corners of Chinese Finance

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Defaults in China have mostly been in credit-starved private companies, but even some groups with state backing are failing to repay creditors

Chinese authorities are allowing more companies to renege on their debts, where once they would have found ways to engineer bailouts.

So far defaults have mostly been concentrated in credit-starved private companies, but even some groups with state backing are now failing to repay creditors as promised.

 

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