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Huafa’s $62 Billion Debt Strain Shakes China’s Credit Market
Source: Bloomberg
Credit & Bond MarketsEmerging MarketsCompany Fundamentals
China’s credit market suffered its worst selloff in two years as a major conglomerate fell into distress. The episode is testing the assumption that government ties protect state-owned firms from financial peril; the article provides no selloff magnitude or details about the conglomerate.
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