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China's bond market is under a major correction due to concerns that the authority may scale back stimulus as the economy continues to recover. The jittery market has prompted many companies to cancel their planned bond sales.
In the first week of June, planned sales of 17 bonds with a combined value of 35.5 billion yuan were either scrapped or postponed, shows data from Wind Information. On Monday alone, at least two companies cancelled bond issuances worth a combined 1.5 billion yuan, citing market volatility.
Over the same period, the amount of . . .
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