China’s smokestack industries in Shandong province are emitting distress signs as coal and cement producers face refinancing hurdles. Photo: AP China’s smokestack industries in Shandong province are emitting distress signs as coal and cement producers face refinancing hurdles. Photo: AP
China’s smokestack industries in Shandong province are emitting distress signs as coal and cement producers face refinancing hurdles. Photo: AP

China’s bond market stress creates US$26 billion headache as private firms face unprecedented funding squeeze

  • China’s private firms have failed to raise enough fresh funds to repay maturing debt in first deficit since records began
  • Elevated borrowing costs have produced shocking delinquencies even among state-owned enterprises in recent months

Topic |   Bonds
China’s smokestack industries in Shandong province are emitting distress signs as coal and cement producers face refinancing hurdles. Photo: AP China’s smokestack industries in Shandong province are emitting distress signs as coal and cement producers face refinancing hurdles. Photo: AP
China’s smokestack industries in Shandong province are emitting distress signs as coal and cement producers face refinancing hurdles. Photo: AP
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