China Averts Second Corporate Default as Huatong Pays Bonds

China avoided a second default in its onshore corporate bond market, easing concern that financial-market instability could spread as debt rises and growth slows in the world’s second-largest economy. Huatong Road & Bridge Group Co. paid all principal and interest on 400 million yuan ($65 millio…

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China Averts Second Corporate Default as Huatong Pays Bonds

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