The central business district in Beijing. The spate of defaults from bonds involving state-owned enterprises, once considered safe picks, has spooked investors. But it should also encourage companies to be more accountable for their balance sheets and cash flows. Photo: Reuters
The central business district in Beijing. The spate of defaults from bonds involving state-owned enterprises, once considered safe picks, has spooked investors. But it should also encourage companies to be more accountable for their balance sheets and cash flows. Photo: Reuters