China may have to brace for a new wave of bond defaults, S & P says

BEIJING — China's state-directed economy may be creating the conditions for a new wave of bond defaults that could come as soon as next year, according to an S&P Global Ratings report released Tuesday. It would be the third round of corporate defaults in about a decade, the ratings agency pointed…#beijing #charleschang #spglobalratings #sp #bond #vitorgaspar #ubs #mscichina #suniltirumalai #gem

Source: Reuters: Health - April 24, 2024 Category: Consumer Health News Source Type: news