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Home>China may avoid second bond default, thanks to bailout

China may avoid second bond default, thanks to bailout

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Wed, 23 Jul 2014

HONG KONG (MarketWatch) -- China may avoid its second-ever corporate bond default due to a bailout by a local government, Chinese media said Tuesday. Huatong Road & Bridge Group, a privately held construction firm, said in a statement last week that it was uncertain whether it could pay the
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