China saw a sharp rise in the number of bond defaults by private companies in the first four months of 2018. Photo: AFP
China’s private firms default on US$2 billion bond repayments as Beijing’s deleveraging efforts bite
A shortage of bank funding and an increasingly competitive business environment has left companies fighting to survive, analysts say
Topic |
China economy
China saw a sharp rise in the number of bond defaults by private companies in the first four months of 2018. Photo: AFP