China Creditor Squeeze Prompts Drop in Record Bond Defaults
- Beijing urges help for troubled borrowers facing payments
- Move away from bondholder protection could sour some on market
This article is for subscribers only.
Sign up for Next China, a weekly email on where the nation stands now and where it's going next.
China’s painful economic shutdown was expected to have put the world’s second-largest bond market on course for a third straight record year of defaults.