Defaults in One of China’s Richest Provinces Spook Investors
(From Bloomberg)Six privately owned companies in one of China’s wealthiest provinces have defaulted on their debt or come perilously close in the last three months. With 68.1 billion yuan ($9.7 billion) in outstanding debt among those six companies alone, the distress in Shandong has rattled even seasoned investors.
Reprinted from: https://www.ac2news.com/2019/12/defaults-in-one-of-chinas-richest-provinces-spook-investors/
