A worker inspects a bicycle steel rim at a workshop manufacturing sports equipment in Hangzhou. Photo: Reuters

Brokers avoid industrial and property stocks, as credit tightens, defaults increase

Dilip Shahani, head of global research, Asia-Pacific at HSBC is especially unnerved that many of the troubled companies involved are aligned to central state-owned enterprises in smaller provinces

Topic |   Stocks

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A worker inspects a bicycle steel rim at a workshop manufacturing sports equipment in Hangzhou. Photo: Reuters
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