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China’s onshore market sees six bond defaults in two days as debt woes deepen

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China's bond market saw six defaults in two days as the country is hurtling toward another record year of onshore corporate bond defaults.

Peking University Founder Group, rattled investors on Monday after failing to repay a 2 billion yuan bond. The same day, Tunghsu Optoelectronic Technology Co., a maker of photoelectric display components, failed to deliver early repayment on both interest and principal for a 1.7 billion yuan note.

In particular, Founder's . . .

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