SHANGHAI -- The problem of heavily indebted state-backed companies in China is starting to spook investors in global corporate bonds.
China debt crunch
China's $2.14tn of bonds coming due unnerves foreign investors
Country faces massive debt servicing costs for infrastructure by 2023
A G79 Fuxing bullet train leaves the Beijing West Station in Beijing. China State Railway Group, which is run directly by the government, will redeem around $90 billion of bonds by the end of 2023. © Reuters
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