China Starts 2017 With Highest Number Of Corporate Defaults In History

According to Zero Hedge China’s default wave appears to have made landfall, and as Bloomberg reports overnight, China’s deleveraging push has racked up the most defaults on corporate bonds ever for the first quarter. “Seven companies have defaulted on a total of nine bonds onshore so far in 2017, versus 29 for all of the last year.”

China Starts 2017 With Highest Number Of Corporate Defaults In History