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China debt markets show more stress

Smoked duck maker Zhong'ao defaults on bank loans, cites increasing difficulty in getting credit

Shanghai

CHINA'S debt markets signalled more stress as a duck processor cited increasing difficulty getting credit as it defaulted on bank loans ahead of a bond deadline next week.

Zhong'ao Holdings Group Co, a closely held maker of smoked duck leg and other foods, owes banks 295.

sentifi.com

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