China plagued by growing burden of corporate bond repayments

China plagued by growing burden of corporate bond repayments

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TOKYO -- Chinese companies are having a tough time paying off debt, with corporate bonds due to mature in 2024 hitting a record high of 6.8 trillion yuan ($945.53 billion), up about 20% from last year. In particular, the burden on local government financial vehicles (LGFVs) is growing due to…

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