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UPDATED: China’s debt woes continue after surprise defaults by high-profile state-owned firms roiled bond market

China's debt woes are continuing this week after a series of surprise bond defaults by high-profile state-owned firms has knocked investors’ confidence and roiled China's credit bond market.

Brilliance Automotive Holdings, the Chinese joint venture partner of BMW, said in a filing that its parent Huachen Automotive Group may undergo restructuring after a creditor filed an application to a Chinese court.

Huachen, owned by the government of northeastern China's Liaoning . . .

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