ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
China debt crunch

China's Yongcheng and Unigroup survive despite series of defaults

Troubles of two government-affiliated companies underscore investors' risks

One problem for investors in China, an analyst says, is that officials in Beijing are not clear on what they will protect and what they won't. (Source photos by AP and AFP/Jiji) 

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.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more