The Ant that’s getting too big to fail
Jun 23, 2020
China’s corporate debt: is ‘too big to fail’ coming to an end?
The markets could always be comfortable in the knowledge that China’s titanic state-owned enterprises had the backing of the government. But is all that changing?
There is little doubt that the default of Yongcheng Coal in November last year – one of China’s best-known energy companies – sent ripples through China’s now massive corporate bond market.
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