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Bloomberg: $571 Billion Debt Wall That Points to More Defaults in China

Catching up on some items - this is from Bloomberg

  • Chinese corporate borrowers face a record 3.7 trillion yuan ($571 billion) of local bond maturities through year-end
  • The biggest note payments are concentrated in some of the country's most-cash strapped industries
  • China needs buoyant bond markets to help its companies refinance ... Instead, yields in April rose at the fastest pace in more than a year and issuance tumbled 43 percent as borrowers cancelled 143 billion yuan of planned debt sales.

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Another brick in the wall of worry

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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