Chinese coal firms have struggled as the country’s economic slowdown batters demand and Premier Li Keqiang vows to cut excess capacity in industry. Photo: AP

State-owned Sichuan Coal defaults on bond for second time

The latest repayment failure comes as analysts predict a surge in mainland defaults next year as 5.5 trillion yuan of onshore bonds come due

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Chinese coal firms have struggled as the country’s economic slowdown batters demand and Premier Li Keqiang vows to cut excess capacity in industry. Photo: AP
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