China Default-Watch Ranks Swell With $12 Billion Debt Coming Due

China Datang Corp. and Baoding Tianwei Yingli New Energy Resources Co. are among Chinese companies showing signs of financial stress that face $12 billion of bond payments this year.

The number of publicly traded firms based in China with net losses, falling revenue and net debt more than 150 percent of equity jumped to 49 as of Dec. 31 from 38 a year earlier, according to data compiled by Bloomberg. Tianwei Yingli, with notes due in October, is among the riskiest borrowers, according to China International Capital Corp.