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China’s Corporate Crackdown Adds to Junk-Bond Distress – The Wall Street Journal

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China’s Corporate Crackdown Adds to Junk-Bond Distress – The Wall Street Journal

The latest Chinese market to buckle under pressure from Beijings wide-ranging corporate crackdown: junk bonds.
Companies from China make up the bulk of Asias roughly $300 billion high-yield dollar bond market, thanks to a surge in borrowing by the countrys…

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