China’s private firms default on US$2 billion bond repayments as Beijing’s deleveraging efforts bite
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
Updated: Monday, 14 May, 2018 10:45pm
TOP PICKS
China saw a sharp rise in the number of bond defaults by private companies in the first four months of 2018. Photo: AFP
READ FULL ARTICLE
SCMP TODAY: INTL EDITION
Get updates direct to your inbox
By registering for these newsletters you agree to our T&C and Privacy Policy
Products & Services
About Us
DOWNLOAD THE SCMP APP
Copyright © 2019 South China Morning Post Publishers Ltd. All rights reserved.
0
Share