US dollar bond defaults by Chinese firms have jumped threefold to US$12 billion so far this year from US$4 billion for all of last year, according to data from French financial firm Natixis. Photo: EPA-EFE US dollar bond defaults by Chinese firms have jumped threefold to US$12 billion so far this year from US$4 billion for all of last year, according to data from French financial firm Natixis. Photo: EPA-EFE
US dollar bond defaults by Chinese firms have jumped threefold to US$12 billion so far this year from US$4 billion for all of last year, according to data from French financial firm Natixis. Photo: EPA-EFE

China’s US dollar debt defaults climb as coronavirus, US tensions hit firms’ bottom lines

  • US dollar bond defaults by Chinese firms have jumped threefold to US$12 billion so far this year from US$4 billion for all of 2019
  • Market confidence has been shaken, triggering a shortage of dollar liquidity that is limiting some firms’ ability to pay down debt

Topic |   China economy
US dollar bond defaults by Chinese firms have jumped threefold to US$12 billion so far this year from US$4 billion for all of last year, according to data from French financial firm Natixis. Photo: EPA-EFE US dollar bond defaults by Chinese firms have jumped threefold to US$12 billion so far this year from US$4 billion for all of last year, according to data from French financial firm Natixis. Photo: EPA-EFE
US dollar bond defaults by Chinese firms have jumped threefold to US$12 billion so far this year from US$4 billion for all of last year, according to data from French financial firm Natixis. Photo: EPA-EFE
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