Chinese companies' defaults on dollar bonds more than threefold this year, analysts say it's set to rise further

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Defaults by Chinese companies on their US dollar-denominated debt have increased significantly this year as the coronavirus pandemic, a slump in oil prices and deteriorating US-China relations have hurt business and weakened their ability to repay.

US dollar bond defaults by Chinese companies have jumped threefold to $12 billion so far this year from $4 billion for all of last year, according to financial firm Natixis.

As world central banks roll out large-scale monetary easing policies, the Asian corporate bond market is stabilising. Investors earlier this year dumped US dollar bonds in . . .

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