Goldman: China Defaults Up 100% Year-On-Year

China Defaults

China’s corporate defaults follow a stop-start pattern, but despite their erratic nature the pace of defaults is rising, that’s according to the most recent issue of Goldman Sachs’ China Default Watch research report.

• Nomura On China “only one practical way to reduce the stock of outstanding debts: defaults”
•  Hayman Capital Gains 24.8% In 2016 Remains Bearish On China

The report, a copy of which has been reviewed by ValueWalk, was published at the beginning of this week and notes that during 2016 the number of Chinese corporate defaults more than doubled and the value of debt involved in credit events increased by 199%.

Goldman: China Defaults Up 100% Year-On-Year

Since China’s first domestic bond default in 2014, the pace of...