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Number of China Bond Defaults Touches Last Year’s Record

Daily Life In Shanghai As Trade Talks Resume In China's Most Populous City
Photographer: Qilai Shen/Bloomberg
Updated on

The total number of Chinese onshore company bond defaults this year just equaled the record set for the whole of 2018.

New defaulted bonds reached 120 this week, according to data compiled by Bloomberg. The missed payments totaling 102.9b yuan ($14.6 billion) is approaching last year’s all-time high of 122 billion yuan. Some 45 companies have defaulted on their debt year-to-date versus 40 in the previous year, Bloomberg data show.