China’s Companies Have Unseen Foreign Debt That’s Maturing Fast
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(From Yahoo Finance)
The pressure on Chinese companies to repay or refinance debt securities will rise into 2020, the data compiled by Bloomberg show, and the recent weakening of the yuan to a decade-low amid persistent trade frictions could complicate that process. Looming repayments and stricter rules for refinancing could lead to defaults, reduction in capital inflows, and even outflows, squeezing domestic credit supply, according to research from Nomura Holdings Inc.
http://www.againstcronycapitalism.org/
Source: https://www.ac2news.com/2019/08/chinas-companies-have-unseen-foreign-debt-thats-maturing-fast/
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