Chinese Developer Nearing Default on Government-Backed Local Bond
Thursday, 9 May 2024, 04:53
Chinese Developer to Default on State-Backed Bond
The heavily indebted Chinese property developer is signaling a likely default on a government-guaranteed bond, highlighting its ongoing liquidity challenges during China's property crisis. The potential default on the local bond is a significant development that could have wide-reaching implications for the company and the financial market as a whole.
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