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Capital Markets

China Inc. boosts bond issues abroad as funding wanes at home

Deleveraging drive forces businesses and local governments to seek alternatives

State-owned steelmaker Shougang Group was one of the Chinese firms that has recently tapped the overseas bond market.   © Reuters

SHANGHAI -- Chinese businesses offered $87 billion in bonds overseas in the four months through April, turning abroad for cash as Beijing's efforts to curb excessive debt cut off normal funding channels.

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