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The Wall Street Publication > Blog > Markets > Chinese Developer Defaults Pile Up as Evergrande Contagion Spreads
Markets

Chinese Developer Defaults Pile Up as Evergrande Contagion Spreads

Editorial Board Published October 21, 2021
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Chinese Developer Defaults Pile Up as Evergrande Contagion Spreads
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HONG KONG—The pain is spreading in the market for Chinese junk bonds.

Dollar-bond defaults from Chinese property developers are rising quickly as the country’s housing market slumps, and the problem could worsen as a wave of debt from the beleaguered industry comes due in the coming months.

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