FILE PHOTO: Headquarters of the People's Bank of China (PBOC), the central bank, is pictured in Beijing, China September 28, 2018. REUTERS/Jason Lee/File Photo GLOBAL BUSINESS WEEK AHEADFILE PHOTO: Headquarters of the People's Bank of China (PBOC), the central bank, is pictured in Beijing, China September 28, 2018. REUTERS/Jason Lee/File Photo GLOBAL BUSINESS WEEK AHEAD
FILE PHOTO: Headquarters of the People's Bank of China (PBOC), the central bank, is pictured in Beijing, China September 28, 2018. REUTERS/Jason Lee/File Photo GLOBAL BUSINESS WEEK AHEAD

China’s central bank calls on struggling companies to restructure debt outside courts

  • Chinese regulators call on corporate bond issuers to seek out-of-court debt restructuring
  • As US$51.1 billion corporate bond comes due in second half, default rates will likely surge, say analysts

Topic |   China economy
FILE PHOTO: Headquarters of the People's Bank of China (PBOC), the central bank, is pictured in Beijing, China September 28, 2018. REUTERS/Jason Lee/File Photo GLOBAL BUSINESS WEEK AHEADFILE PHOTO: Headquarters of the People's Bank of China (PBOC), the central bank, is pictured in Beijing, China September 28, 2018. REUTERS/Jason Lee/File Photo GLOBAL BUSINESS WEEK AHEAD
FILE PHOTO: Headquarters of the People's Bank of China (PBOC), the central bank, is pictured in Beijing, China September 28, 2018. REUTERS/Jason Lee/File Photo GLOBAL BUSINESS WEEK AHEAD
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