corporate debt

  1. China creaks under much-needed credit crackdown

    China creaks under much-needed credit crackdown
    THE good news is China is taking a safer route in its approach to financial regulation. That, unfortunately, is also the bad news, as a crackdown on loose lending, especially after a splurge of credit into unproductive sectors, means China’s growth is and will be declining. That is significant not only because China is the world’s buyer of last resort...
  2. China Debt Risks Go Global Amid Record Junk Sales Abroad

    China Debt Risks Go Global Amid Record Junk Sales Abroad
    China’s riskiest corporate borrowers are raising an unprecedented amount of debt overseas, leaving global investors to shoulder more credit risks after onshore defaults quadrupled in 2016. Junk-rated firms, most of which are property developers, have sold $6.1 billion of dollar bonds since Dec. 31, a record quarter, data compiled by Bloomberg show. In contrast, such borrowers have slashed fundraising at home...

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