China Set To Make History With Record Number Of Bond Defaults In 2019
December 05, 2019 at 03:55 AM EST
After a brief lull in the third quarter, a burst of at least 15 new defaults since the start of November have sent the year’s total to 120.4 billion yuan ($17.1 billion) and set to eclipse the 121.9 billion yuan annual record in 2018.