Gravitas: Chinese State-owned enterprises default on $6.1 billion worth of bonds
Edited By WION Video Desk
Published: Dec 12, 2020, 02:51 IST | Updated: Dec 12, 2020, 02:51 IST
China says its economy is back on track. But, Chinese state-owned companies can't keep up with their EMIs. According to Fitch Ratings, China's state-owned firms defaulted on a record $6.1 billion worth of bonds between January and October.
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