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China leads Asian companies’ drive to pile on debt

Asian companies have shrugged off concerns about the US retreat from global trade agreements to issue a record sum of high-yield debt.

Junk corporate bond issuers in Asia have sold $13bn of bonds so far in 2017 according to data from Thomson Reuters – up from just $1.6bn last year.

China is dominating sales, accounting for more than half of the market share, with financial companies and industrials the largest sectors.

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