Typhoon Saomai making landfall in eastern China’s Zhejiang province on August 10, 2006, causing huge waves off Dongtou island off Wenzhou city. Photo: XinhuaTyphoon Saomai making landfall in eastern China’s Zhejiang province on August 10, 2006, causing huge waves off Dongtou island off Wenzhou city. Photo: Xinhua
Typhoon Saomai making landfall in eastern China’s Zhejiang province on August 10, 2006, causing huge waves off Dongtou island off Wenzhou city. Photo: Xinhua

China’s tsunami of bond defaults topped US$17 billion since November, poised to break last year’s record amid tepid growth

  • At least 15 defaults since November 1 have pushed this year’s total to 120.4 billion yuan, close to the 121.9 billion yuan annual record in 2018
  • The defaulted notes amount to a small sliver of China’s US$4.4 trillion onshore corporate bond market, they’ve fuelled concerns of potential contagion
Topic |   Bonds
Typhoon Saomai making landfall in eastern China’s Zhejiang province on August 10, 2006, causing huge waves off Dongtou island off Wenzhou city. Photo: XinhuaTyphoon Saomai making landfall in eastern China’s Zhejiang province on August 10, 2006, causing huge waves off Dongtou island off Wenzhou city. Photo: Xinhua
Typhoon Saomai making landfall in eastern China’s Zhejiang province on August 10, 2006, causing huge waves off Dongtou island off Wenzhou city. Photo: Xinhua
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