TOKYO -- Chinese companies are having a tough time paying off debt, with corporate bonds due to mature in 2024 hitting a record high of 6.8 trillion yuan ($945.53 billion), up about 20% from last year.
China debt crunch
China plagued by growing burden of corporate bond repayments
Redemption amount up 20% from 2023, hitting record high
A man sits on an overpass near the construction site of a subway station in Beijing in 2023. © Reuters
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