Huafa’s $62 Billion Debt Strain Shakes China’s Credit Market
China’s credit market just suffered its worst selloff in two years as a major conglomerate’s plunge into distress tests the assumption that government ties can protect state-owned firms from financial...
By Bloomberg News · Bloomberg Markets
China’s credit market just suffered its worst selloff in two years as a major conglomerate’s plunge into distress tests the assumption that government ties can protect state-owned firms from financial peril.