Canary in the coal mine
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Last week, Yongcheng Coal and Electricity Holding Group Co., a Henan provincial SOE, sent the bond market into a tizzy when it defaulted on a RMB 1 billion bond.
Things continue to look grim for the beleaguered firm.
According to 21st Century Biz, Yongcheng met its bondholders on Thursday to ...
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