A worker sets up scaffolding at a construction site in Beijing on October 2019. China’s economy expanded at its slowest rate in nearly three decades in the third quarter. Photo: AFPA worker sets up scaffolding at a construction site in Beijing on October 2019. China’s economy expanded at its slowest rate in nearly three decades in the third quarter. Photo: AFP
A worker sets up scaffolding at a construction site in Beijing on October 2019. China’s economy expanded at its slowest rate in nearly three decades in the third quarter. Photo: AFP

Top Singapore lawyer says not time for bond crisis alarm as ‘out-of-cycle defaults’ are yet to be seen

  • Impact on credit has been largely expected, market has not been overwhelmed by wave of defaults: Milbank
  • There have been US$185.6 billion of defaults globally this year, while record in 2009 was US$627.7 billion, according to S&P Global Ratings
Topic |   China economy
A worker sets up scaffolding at a construction site in Beijing on October 2019. China’s economy expanded at its slowest rate in nearly three decades in the third quarter. Photo: AFPA worker sets up scaffolding at a construction site in Beijing on October 2019. China’s economy expanded at its slowest rate in nearly three decades in the third quarter. Photo: AFP
A worker sets up scaffolding at a construction site in Beijing on October 2019. China’s economy expanded at its slowest rate in nearly three decades in the third quarter. Photo: AFP
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