There have been 110 corporate bond defaults in China this year, totalling 126.28 billion yuan, according to Chinese financial data provider Wind. Photo: Bloomberg There have been 110 corporate bond defaults in China this year, totalling 126.28 billion yuan, according to Chinese financial data provider Wind. Photo: Bloomberg
There have been 110 corporate bond defaults in China this year, totalling 126.28 billion yuan, according to Chinese financial data provider Wind. Photo: Bloomberg

China debt defaults stoke unease about ‘broader market contagion’

  • Unexpected bond default of Yongcheng Coal has rocked investor confidence and stirred concern about domestic rating agencies
  • Investors now fret about additional bond defaults from companies owned by cash-strapped local governments

Topic |   China economy
There have been 110 corporate bond defaults in China this year, totalling 126.28 billion yuan, according to Chinese financial data provider Wind. Photo: Bloomberg There have been 110 corporate bond defaults in China this year, totalling 126.28 billion yuan, according to Chinese financial data provider Wind. Photo: Bloomberg
There have been 110 corporate bond defaults in China this year, totalling 126.28 billion yuan, according to Chinese financial data provider Wind. Photo: Bloomberg
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