Dongbei Special Steel Group in Dalian, Liaoning province, has defaulted on nine bond repayments since March. Photo: Reuters

Debt-ridden SOEs can expect less support from Beijing, recent cases suggest

China’s government appears to be adopting a more market-oriented approach to bond defaults, increasingly tolerating bankruptcies

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Dongbei Special Steel Group in Dalian, Liaoning province, has defaulted on nine bond repayments since March. Photo: Reuters
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