China saw a sharp rise in the number of bond defaults by private companies in the first four months of 2018. Photo: AFPChina saw a sharp rise in the number of bond defaults by private companies in the first four months of 2018. Photo: AFP
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: AFPChina saw a sharp rise in the number of bond defaults by private companies in the first four months of 2018. Photo: AFP
China saw a sharp rise in the number of bond defaults by private companies in the first four months of 2018. Photo: AFP
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