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China’s onshore bond default ratio hit last year’s record

THE WIRE WITH UP-TO-THE-MINUTE UPDATES

China’s onshore bond market is likely to see defaults continue rising after hitting a record high in 2018, as Beijing’s monetary easing fails to shore up debt-ridden private companies amid persistent slowdown in the world's second largest economy.

Default rate by bond issuers stood at 1.03 per cent of all issuers in the first three quarters of this year, according to Fitch Ratings. That has already matched the ratio in all of . . .

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