Why rising profits won’t rescue China’s riskiest companies

S&P Global Ratings expect defaults in China to rise in 2018 and predicts that 2018 may see the first LGFV default in the bond market. How is 2018 shaping up for Chinese corporates? Last year, profits for Chinese companies were boosted by economic reflation, strong commodity prices, and buoyant refinancing conditions. Overall operating and financing conditions should remain … http://bit.ly/2BslvEb

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