Bloomberg: $571 Billion Debt Wall That Points to More Defaults in China
Catching up on some items - this is from Bloomberg
- Chinese corporate borrowers face a record 3.7 trillion yuan ($571 billion) of local bond maturities through year-end
- The biggest note payments are concentrated in some of the country's most-cash strapped industries
- China needs buoyant bond markets to help its companies refinance ... Instead, yields in April rose at the fastest pace in more than a year and issuance tumbled 43 percent as borrowers cancelled 143 billion yuan of planned debt sales.
Another brick in the wall of worry