If you explored the debt payment suspension map I posted on May 27, you may have noticed China is holding a lot of debt in the developing world. But China is also facing a major default crisis at home: "Even by the standards of a record-breaking global credit binge, China’s corporate bond tab stands out: $1.3 trillion of domestic debt payable in the next 12 months. That’s 30% more than what U.S. companies owe ... [and] it’s all coming due at a time when Chinese borrowers are defaulting on onshore debt at an unprecedented pace. ... The country’s onshore defaults have swelled from negligible levels in 2016 to exceed 100 billion yuan ($15.5 billion) for four straight years. That milestone was reached again last month, putting defaults on track for another record annual high." www.bloomberg.com/news/articles/2021-05-23/china-braces-for-1-3-trillion-maturity-wall-as-defaults-surge
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