China Defaults Hit Record in 2018. 2019 Pace Is Triple That
China continues to press banks to extend credit to the private sector, and small and medium-sized companies especially. (Photographer: Marlene Awaad/Bloomberg)

China Defaults Hit Record in 2018. 2019 Pace Is Triple That

(Bloomberg) -- This year is shaping up to be the biggest by far for defaults in China’s $13 trillion bond market, highlighting the widening fallout from the government’s campaign to rein in leverage.
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