Chinese corporate debt troubles. Two Chinese state-linked enterprises said Monday that they would not be able to meet upcoming onshore bond repayment obligations. Defaults at state-backed firms in China carry particularly high risks of contagion, as they signal to other distressed firms that a state rescue cannot be assumed. Indeed, at least 20 Chinese companies […]
- Analysis
- Regional Directory
- Asia Pacific
- Daily Memo
- Eurasia
- Middle East and North Africa
- South Asia
- South Pacific
- United States
Daily Memo: Risks of Debt Contagion in China
Defaults at state-owned enterprises are a warning to other distressed firms.
