These Charts Show China's Uphill Battle With Bond Defaults
- November local bond defaults are at highest levels this year
- Chinese junk bond issuance has tumbled to lowest since 2014
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China’s bid to ease funding strains faced by private sector firms is proving to be tough going and signs are that things may get gloomier.
Local company bond failures are at their highest levels this year and show no indications of abating. Junk bond sales have slumped to 2014 lows and spreads between lower and top rated borrowers are hovering near the widest in more than two years. What makes all this worse is the slowing economy, according to Nanjing Securities Co.