IN CHINA, A BURST OF CORPORATE BONDS

摘要

Here's a little-known fact: Chinese companies now issue more corporate debt than their counterparts in Japan, making the yuan - denominated bond market the world's No. 3, after those for dollars and euros. In the first five months of 2009, mainland companies sold $82 billion worth of debt, vs. $51 billion for the Japanese. "The growth in issuance has been phenomenal," says Liao Qiang, credit analyst at Standard & Poor's in Beijing.