Asia’s popular junk dollar bond market is in for a shock. The Chinese issuers that dominate are dealing with the consequences of exuberant sales three years ago. Defaults on China’s offshore bonds have more than doubled in the past year.
亞洲頗受歡迎的垃圾美元債券市場即將受到衝擊。佔據主導地位的中國債券發行人正在處理三年前活躍發行的後果。過去一年,中國離岸債券的違約增加了逾一倍。
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