Bonds are often used to fund construction projects in China. Corporate bond defaults totalled US$1.84 billion last year. Photo: Reuters

Beijing warns of ‘grim’ bond default risks as it orders local government checks

Authorities told to carry out assessments on likelihood of corporate defaults

Topic |   China economy

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Bonds are often used to fund construction projects in China. Corporate bond defaults totalled US$1.84 billion last year. Photo: Reuters
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