The Chinese government did not set a growth target for this year at last week’s National People’s Congress given the uncertainty over the global recovery from the coronavirus. Photo: AFP The Chinese government did not set a growth target for this year at last week’s National People’s Congress given the uncertainty over the global recovery from the coronavirus. Photo: AFP
The Chinese government did not set a growth target for this year at last week’s National People’s Congress given the uncertainty over the global recovery from the coronavirus. Photo: AFP

China debt: bond problems could still resurface in 2020 after defaults amid coronavirus lower than expected

  • Bond defaults have dropped 26 per cent from a year earlier, but a larger increase was expected due to the economic damage caused by the coronavirus
  • Value of defaults rose almost 40 per cent to 64 billion yuan (US$9 billion), although more than half came from one case involving the state-owned Founder Group

Topic |   China economy
The Chinese government did not set a growth target for this year at last week’s National People’s Congress given the uncertainty over the global recovery from the coronavirus. Photo: AFP The Chinese government did not set a growth target for this year at last week’s National People’s Congress given the uncertainty over the global recovery from the coronavirus. Photo: AFP
The Chinese government did not set a growth target for this year at last week’s National People’s Congress given the uncertainty over the global recovery from the coronavirus. Photo: AFP
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