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A rising trend in Chinese corporate defaults puts companies that are not closely aligned with national priorities at risk

1 month ago
Sky Canaves
hina has seen 41 corporate bond defaults for the year as of mid-September – more than in the previous two years combined – and factors such as local debt burdens, revenues and economic diversification offer insights into which types of firms may be allowed to fail.
By Sky Canaves
Sky Canaves previously reported for The Wall Street Journal in Beijing and Hong Kong, where she covered media, culture, social issues, and legal affairs, and served as the founding editor and lead writer of the WSJ’s China Real Time site. Prior to becoming a journalist, Sky worked in the China corporate law practice of Baker & McKenzie, and she has also taught journalism and media law at the University of Hong Kong. She speaks Mandarin and has accumulated more than a decade's experience living, studying and working in China.