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  • Defaults in Chinese offshore corporate dollar bonds are set to increase, experts say.
  • While there’s little indication that increased pressure on offshore dollar repayment could trigger a broader crisis, the situation should be closely monitored for spillover threats, they say.
  • Tai Hui, chief market strategist for Asia Pacific at J.P. Morgan Asset Management in Hong Kong, says he is "watchful" for spillover effects into the broader economy.

OTHER NEWS

The U.S. and China are closing in on a deal that would give China’s ZTE Corp. a reprieve from potentially crippling U.S. sanctions in exchange for Beijing removing tariffs on billions of dollars of U.S. agricultural products, said people in both countries briefed on the deal.

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