Construction workers on the Nanchang-Ganzhou high-speed railway in Nanchang of Jiangxi Province on July 18, 2019. Photo: Xinhua
China’s July corporate bond defaults jump to a four-month high as funding dries up amid risk aversion in a slowing economy
- Onshore corporate bond defaults reached at least 14.4 billion yuan (US$2.1 billion) from 14 notes in July, bringing the total year-to-date defaults to 70.9 billion yuan from 89 bonds
- After two months of declines through May, bond delinquencies are climbing back
Topic |
Bonds
Construction workers on the Nanchang-Ganzhou high-speed railway in Nanchang of Jiangxi Province on July 18, 2019. Photo: Xinhua