China’s bond market faces severe challenges in 2017 in the wake of RMB39.89 billion (US$5.79 Billion) in bond defaults in 2016, according to Chinese data provider, Wind Financial Information. The data, as reported by Chinese media, reveals that the default size in 2016 was triple the previous year’s total of RMB11.71 billion(US$1.70 billion). With RMB5.5 trillion (US$800 billion) in bonds set to mature in…
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