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China Heads Towards Another Record Year of Onshore Bond Defaults

Dec.03 -- Jason Pang, a fixed-income portfolio manager at JPMorgan Asset Management, talks about Chinese bonds.  China is hurtling toward another record year of onshore bond defaults. At least 15 defaults since the start of November have pushed this year’s total to 120.4 billion yuan ($17.1 billion), within a hair’s breadth of the 121.9 billion yuan annual record in 2018. Pang speaks with David Ingles, Yvonne Man and Tom Mackenzie on "Bloomberg Markets: China Open."