SHANGHAI -- Anhui Foreign Economic Construction, a midtier private-sector player in China's building industry, has landed infrastructure projects in far-flung places like Tanzania under Beijing's continent-spanning Belt and Road initiative
Debt-laden local governments increasingly letting businesses fail

Workers build a conference center in Shenzhen. China faces a peak in corporate bond repayments ahead in the next few years. © Reuters
SHANGHAI -- Anhui Foreign Economic Construction, a midtier private-sector player in China's building industry, has landed infrastructure projects in far-flung places like Tanzania under Beijing's continent-spanning Belt and Road initiative