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Chinese borrowers default in record numbers as economic crisis deepens

www.ft.com Chinese borrowers default in record numbers as economic crisis deepens

More than 8mn people blacklisted by authorities after missed payments on mortgages and business loans

Chinese borrowers default in record numbers as economic crisis deepens

"Defaults by Chinese borrowers have surged to a record high since the outbreak of the coronavirus pandemic, highlighting the depth of the country’s economic downturn and the obstacles to a full recovery,” the Financial Times reports.

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