China Builders Weaken Debt Safeguards as Buyers Chase Yield
Cranes operate and construction takes place at the Conch Bay development in the Tianjin Binhai New Area CBD of Tianjin, China. (Photographer: Sim Chi Yin/Bloomberg)

China Builders Weaken Debt Safeguards as Buyers Chase Yield

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(Bloomberg) -- Warnings about bond covenants often seem to fall on deaf ears. Just ask Jake Avayou.
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