China Set for Record Defaults, and Downgrades Tip More Pain
An employee arranges genuine bundles of Chinese one-hundred yuan banknotes at the Counterfeit Notes Response Center of KEB Hana Bank in Seoul, South Korea. (Photographer: SeongJoon Cho/Bloomberg)

China Set for Record Defaults, and Downgrades Tip More Pain

(Bloomberg) -- China is zooming to a record year of corporate-bond defaults, with the 2018 total already more than three-quarters of the previous high even before an expected economic slowdown bites.
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