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China debt crunch

China's $2.14tn of bonds coming due unnerves foreign investors

Country faces massive debt servicing costs for infrastructure by 2023

A G79 Fuxing bullet train leaves the Beijing West Station in Beijing. China State Railway Group, which is run directly by the government, will redeem around $90 billion of bonds by the end of 2023.   © Reuters

SHANGHAI -- The problem of heavily indebted state-backed companies in China is starting to spook investors in global corporate bonds.

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