Foreign creditors face bankruptcy riddle in China
Overseas investors who have experienced Chinese corporate failures feel they are treated like a nuisance; uptick in filings seen as country's slowdown continues
Hong Kong
AS China's economy slows and Beijing becomes more relaxed about letting its companies fail, a rising number of foreign bondholders risk being caught up in the country's unpredictable court system.
Last month, solar producer Baoding Tianwei Baobian Electric became China's first ever state-owned company to default on a bond coupon payment, showing Beijing's increasing willingness to let companies go bust in a bid to reform its corporate market.
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