The three lines are as follows, according to a state-media report on a government website:
Speculative-grade yields briefly topped 20% in October - the highest in a decade. Developers are facing rising financial stress as stricter rules around borrowing and a deleveraging campaign by authorities weigh on the sector.Ī liquidity crisis at China Evergrande Group has roiled markets, with the nation’s real estate sector making up almost half of the world’s distressed dollar-denominated debt.
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