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China Forestry Joins Debt Default Queue
China Forestry misses bond payment The list of Chinese companies defaulting on their bonds continues to grow, with word that timber firm China Forestry Holdings (HKEx: 930) has missed an interest...
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New Default, Merchants Bank Move Spotlight China Risk
Merchants Bank goes to Luxembourg A couple of headlines are underscoring the high risk that China’s financial sector could soon pose for both domestic and international investors, as the nation’s...
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NEW ENERGY: Shriveling Yingli Fends Off Bond Holders
Bottom line: Yingli is likely to get sold or announce a major government-led restructuring, which could include bankruptcy, before a new round of 1.4 billion yuan in bonds comes due next month. Yingli...
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