HONG KONG -- Two Chinese companies battered by debt problems in recent months highlight the credit woes facing some government-affiliated enterprises, but also illustrate how they are able to continue operations despite multiple bond defaults.
Chipmaker Tsinghua Unigroup is plagued by missed bond payments, while Yongcheng Coal & Electricity Holding Group continues to stay afloat amid waves of bond deadlines through closed-door meetings with its investors.
