Fitch on China: Govt reluctant to allow more corporate defaults

Headlines crossing the wires via Bloomberg from the US ratings agency, Fitch, citing issues regarding China’s mounting debt burden.

Key Headlines:

China's government reluctant to allow more corporate defaults

Policy makers fuelling China's mounting debt problem

Fitch sees more debt moving to China sovereign balance sheet

Separately, China’s commerce ministry reported the Chinese investment data, with June non-financial outbound investment standing at +44.9% y/y, while January - June non-financial outbound direct investment came in at +58.7 pct y/y to $88.86 bln.