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Finance

Trust product troubles ripple through Chinese markets

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Hopeful investors attend a wealth management product exhibition in Shanghai.   © Kyodo

 SHANGHAI -- Concerns over potential defaults on high-yield financial products are making Chinese companies put some debt issues on hold due to wary investors, as well as posing a potential new risk to the global economy.

     Since January, nine companies have postponed or canceled issuance plans for a total of 5.75 billion yuan ($948.24 million) in bonds and commercial paper, equivalent to about 2% of the debt issued over the period.

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