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https://www.wsj.com/articles/chinese-junk-bonds-are-back-on-the-trash-heap-b3b839fb

Chinese Junk Bonds Are Back on the Trash Heap

A shopping-mall operator that reopened the market is now helping close it

By Frances Yoon
Bonds issued earlier this year by Wanda Properties, which operates shopping malls across China, have lost around half their value. Photo: Cfoto/Zuma Press

It was a false dawn, in hindsight.

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Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved.

Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.