Posted inAT Finance, Beijing, China, Hong Kong, Singapore, Tianjin

Local government debt defaults threaten China’s onshore bond market

Beijing’s ongoing campaign to rid the country of excessive borrowing has begun to bite local governments, with reports in recent months showing a wave of defaults, which some say could have a spillover effect in the country’s onshore bond market. The focus of the crackdown on excess leverage associated with provincial and city authorities are […]