A man carrying a kite in the shape of the Chinese national flag walks along the Bund in Shanghai, China (Photographer: Qilai Shen/Bloomberg)  

China Default-Risk Jumps to 2005 High, Says Moody's Analytics

(Bloomberg) -- Default risk for Chinese companies has climbed to the highest in 13 years as Beijing seeks to rein in its post-crisis construction boom, according to Moody’s Analytics.

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