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China debt crunch

Tsinghua Unigroup's bond default: Five things to know

Chinese chipmaker's financial problems send shock waves in corporate debt market

NARAYANAN SOMASUNDARAM and KENJI KAWASE, Nikkei staff writers | China

HONG KONG -- The liquidity crisis at Chinese chipmaker Tsinghua Unigroup, a crown jewel of President Xi Jinping's grand "Made in China 2025" plan, deepened this week after the company said it would default on more bonds.

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