Any default by Xuzhou Zhongsen would have been the first in the nation's private-placement market for high-yield bonds from small and medium-sized enterprises unveiled in 2012. Photo: Reuters Any default by Xuzhou Zhongsen would have been the first in the nation's private-placement market for high-yield bonds from small and medium-sized enterprises unveiled in 2012. Photo: Reuters
Any default by Xuzhou Zhongsen would have been the first in the nation's private-placement market for high-yield bonds from small and medium-sized enterprises unveiled in 2012. Photo: Reuters

Supplier averts default as guarantor steps in

Any default by Xuzhou Zhongsen would have been the first in the nation's private-placement market for high-yield bonds from small and medium-sized enterprises unveiled in 2012. Photo: Reuters Any default by Xuzhou Zhongsen would have been the first in the nation's private-placement market for high-yield bonds from small and medium-sized enterprises unveiled in 2012. Photo: Reuters
Any default by Xuzhou Zhongsen would have been the first in the nation's private-placement market for high-yield bonds from small and medium-sized enterprises unveiled in 2012. Photo: Reuters
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