The assembly line at Wonderland, which produces nursery products in Dongguan of Guangdong province on 7 May 2019. Nursery products are excluded from US-China trade war tariffs. Photo: EPA-EFE
The assembly line at Wonderland, which produces nursery products in Dongguan of Guangdong province on 7 May 2019. Nursery products are excluded from US-China trade war tariffs. Photo: EPA-EFE
Bonds

Private borrowers bear the brunt of China’s soaring bond defaults as slowing economy and trade war put the squeeze on finances

  • Thirty private businesses missed payments on 89 bonds valued at a combined 60 billion yuan (US$8.7 billion) so far this year, a rise of 150 per cent from the same period in 2018
  • That’s more than the state-owned enterprises that missed eight bonds valued at 10 billion yuan, and topping last year’s 126 defaults worth 11.4 billion yuan

The assembly line at Wonderland, which produces nursery products in Dongguan of Guangdong province on 7 May 2019. Nursery products are excluded from US-China trade war tariffs. Photo: EPA-EFE
The assembly line at Wonderland, which produces nursery products in Dongguan of Guangdong province on 7 May 2019. Nursery products are excluded from US-China trade war tariffs. Photo: EPA-EFE
READ FULL ARTICLE