China’s $12 trillion corporate debt pushes up refunding costs, drives mergers

China’s corporate debt has hit record levels and is likely to accelerate a wave of domestic restructuring and trigger more defaults, as credit repayment problems rise. Chinese non-financial companies held total outstanding bank borrowing and bond debt of about $12 trillion at the end of last yea…

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China’s $12 trillion corporate debt pushes up refunding costs, drives mergers

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