A man works near apartment blocks under construction on the outskirts of Beijing, China December 16, 2017. Photo: Reuters
China bond defaults tripled in 2018 – the case of one property developer shows why
- Corporate bond default cases surged to 119 in 2018 from 35 in 2017 while defaulted bond value tripled amid a trade war with the United States
- Default of private property developer Yinyi Co Ltd showcases troubles of China bond issuers
Topic |
China economy
A man works near apartment blocks under construction on the outskirts of Beijing, China December 16, 2017. Photo: Reuters