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China Inc. Credit Stress Most Acute in Liaoning, Qinghai

  • Bloomberg analysis looks at distribution of risks across China
  • Liaoning has struggled with weak economy, non-performing loans
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China saw a record number of corporate defaults last year and that trend looks set to continue as policy makers try to tighten credit and pull back on stimulus this year.

Those stresses aren’t distributed evenly across the country though, with companies in the provinces of Liaoning, Qinghai and Henan facing the most difficulty in raising funds at the moment, according to Bloomberg analysis of all corporate bonds issued in China.