China's Best Performing Stock This Year Is a Defaulting Coal Miner
- Wintime Energy jumps 60% to be top performer on CSI 300 Index
- Traders betting Beijing will rescue the firm amid weak economy
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A company that recorded one of China’s biggest corporate bond defaults is emerging as the most popular name among the nation’s stock traders in 2019.
Wintime Energy Co., a coal miner based in China’s northern Shanxi province, has surged 60 percent this year to lead the benchmark CSI 300 Index. Its shares have rallied as investors wait for it to announce details on restructuring efforts, even as it said it sees uncertainty over repaying a 1 billion yuan ($148 million) bond due next week.