China Default Angst Flares After Rare Case With Junk Bond
A man looks at his mobile phone while laying on top of a scooter in front of stacks of wood at a lumber trading yard in Anqing, Anhui Province, China. (Photographer: Qilai Shen/Bloomberg)

China Default Angst Flares After Rare Case With Junk Bond

(Bloomberg) -- A rare event in a corner of China’s credit market is fueling concern that more defaults are looming, adding to strains sparked by the government’s crackdown on leverage.
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