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SOE defaults, declining bank profits raise questions about China’s economic ‘recovery’; price hikes reflect food shortages

SinoInsight  1   Oct. 23 1. Mainland media reported that a private placement bond issued by Shenyang Shengjing Energy Development Group was deemed to have matured recently owing to the company filing for bankruptcy. The bond, “18 Shengongyong PPN001,” was issued in August 2018 at a value of 80 million yuan, a coupon rate of 7 …

Read moreSOE defaults, declining bank profits raise questions about China’s economic ‘recovery’; price hikes reflect food shortages

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