China's sovereign debt default raises concerns for US bondholders
Edited By WION Video Desk
Published: Jul 09, 2023, 06:05 IST | Updated: Jul 09, 2023, 06:05 IST
China is in default on its sovereign debt held by American bondholders. The historical context reveals that the Republic of China defaulted on its debt in 1938 during its conflict with Japan.
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