Treasury talk: The real reasons for China's offshore corporate bond collapse
It's like nothing China's treasurers have seen in the past 10 years; a toxic combination of defaults, US rate hikes, a downturn at home, regulatory interference and trade tensions are killing bond issuance.
Offshore bond issuance by Chinese corporates fell off a cliff in June and July, collapsing to just one fifth of the level in the same period last year.
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