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Company defaults rise in China and US as global figure doubles

Monetary easing relaxes discipline but indebted businesses feel liquidity crunch

In 2020, 223 companies have defaulted on their corporate bonds, double the number of companies that defaulted the previous year.

TOKYO/SHANGHAI -- A growing number of companies around the world are unable to repay their debts or make interest payments due to the coronavirus.

Data show that 223 companies have defaulted on their corporate bonds so far in 2020, double the number that defaulted the previous year.

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