News Analysis
The coronavirus pandemic is crippling manufacturing, heightening the potential default risk for Chinese corporations that borrowed $1.6 trillion in U.S. dollar-denominated bonds.
Coronavirus Exposes China Corporate Default Risk for Borrowing in US Dollars
A man wearing a mask walk past the Shanghai Stock Exchange building at the Pudong financial district in Shanghai, China, as the country is hit by an outbreak of a new coronavirus, on Feb. 3, 2020. Aly Song/Reuters
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