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A surprise spate of bond defaults by state-owned Chinese firms is spooking investors
 [CNBC] - A series of high-profile defaults involving state-owned enterprises in China led to a bond market selloff last week.
- Defaults by government-supported firms in China were rare before recent times.
- Those defaults are coming even as many asset managers, bullish on Chinese debt, have this year been pushing their calls on these investments, which offer a very attractive proposition for investors with their yields.
Posted by: trailing wife 2020-11-22 |
