China Junk Debt on Brink of Record Low as Property Woes Grow
Updated: 20 Jul 2022, 11:26 AM IST
TL;DR.Chinese junk dollar bonds are hovering near a record low set in March, as the country’s property crisis deepens with pain spreading from developers to suppliers and banks.
A fireman looks into the partially collapsed section of a building in China's Tianjin Municipality Tuesday, July 19, 2022. A gas explosion left some missing and others injured. (Chinatopix Via AP) CHINA OUT