BONDS
China’s defaulted bonds reached $20 bn this year, more than double full-year amount in 2021
The total value of defaulted bonds in China so far this year has more than doubled the full-year level in 2021, mainly driven by the debt crisis in the country’s real estate market.
China’s holdings of US Treasuries fell below $1 tn for first time in 12 years
China’s holdings of US Treasuries dropped below $1 trillion for the first time in 12 years in May amid rising interest rates that have made Treasuries potentially less attractive.