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Half of China’s high-yield property bonds now trading at yields of above 20%

— implying a high default risk for those companies and making it hard for them to refinance coming debts.

She - Jenny Zeng, co-head of Asia Pacific fixed income and a portfolio manager at AllianceBernstein in Hong Kong.

WSJ 6 October 2021

Asia’s junk-bond market suffered through another wave of selling Thursday, pushing prices of many Chinese developers’ bonds further into distressed territory.

WSJ 2021-10-07

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