Analysts say excess liquidity in the market has encourage a surge in new bond issuance, despite a rise too in defaults over the past six month. Photo: Reuters

Surging defaults doing little to dampen appetite for bonds

Some suggest the main reason is Beijing’s largely failed efforts so far, to end what economists call China’s ‘rigid payment’ mindset

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Analysts say excess liquidity in the market has encourage a surge in new bond issuance, despite a rise too in defaults over the past six month. Photo: Reuters
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