Investors expect more Chinese companies to default on debt

06/1/2009 | Wall Street Journal, The

Mandra Forestry Finance, a Chinese timber company, defaulted on a bond payment, while other Chinese companies are running into trouble with the debt they issued. Investors and other industry insiders said more Chinese companies are likely to default on foreign debt they issued. Creditors are concerned that the country's restructuring process will place their interests behind equity holders, lenders and employees.

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Wall Street Journal, The

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