China corporate defaults to soar in 2019: Fitch

Corporate treasurers dealing with Chinese privately-owned companies should buckle up, as corporate defaults in the country are expected to hit record highs this year
China corporate defaults to soar in 2019: Fitch

Refinancing pressure against the backdrop of an overall slowdown in China’s economic growth and heightened tensions between the country and the US around bilateral trade, are weighing on credit quality, a Fitch Ratings report showed.

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