Debt Default

China’s recovery could bring more defaults to light, S&P says

Authorities’ willingness to accept defaults could be on the rise as economy emerges from Covid-19 shock, but systemic risks are unlikely, according to ratings agency.

FA Reporters

November 18, 2020

Here’s a sign the Chinese economy is recovering from Covid-19: authorities appear willing to let state-owned enterprises (SOEs) default on their debt repayments.

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Distress
North Asia
Debt

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