Beijing’s central business district. There is still a lot of uncertainty in China’s economic recovery, and there are chances that defaults will arise, according to an analyst. Photo: AFP
China’s corporate bonds market is heading for another year of record defaults, raises concerns about rise in irregularities
- Delinquencies on the mainland, the world’s second-largest bond market, have exceeded 100 billion yuan for three years running now
- However, recent spike in bankruptcies is ‘natural evolution of a bond market’, Fidelity executive says
Beijing’s central business district. There is still a lot of uncertainty in China’s economic recovery, and there are chances that defaults will arise, according to an analyst. Photo: AFP
