HONG KONG -- Not so long ago a Chinese bond default was barely heard of. Yet in the past two months, talk in the country's financial circles has been of little else.
China debt crunch
China debt fears grow amid wave of corporate defaults
Beijing wants to cut risk and end notion that state will always rescue investors
A swath of failures to repay principal or interest on outstanding bonds has sent this year's Chinese corporate default total to a record $25 billion and raised concerns in Shanghai of a looming debt crisis. © Reuters
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