February 28, 2021

Foreign investors watch in fear as China’s murky debt markets hide a looming coal crash

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By Sam Jacobs From Business Insider Chinese coal miner Wintime Energy fell behind on its debt repayments earlier this year and is scrambling to avoid default. The company announced plans to include loans issued by its healthier subsidiary Huachen Energy as part of revised debt package. Data from ratings agency Moody’s shows Huachen is also […]