Why China’s Record-High Bond Defaults Should Worry Retail
What Happened: Post-pandemic, China’s corporate bond defaults have been rising massively. Excessive corporate debt stands at $1.3 trillion of domestic debt owed over the next 12 months, says Bloomberg. In comparison, that is 30-percent more than what US companies owe. In 2021, Chinese firms have so far failed to make…
bubmagMay 24, 2021