Bond defaults have spread from private-owned companies to stated-owned enterprises. Chinese media warns that there could be more defaults coming in the month of May.
from DailyFX - Forex Market News https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/china_news/2016/05/11/Chinas-Market-News-Private-Sector-Bonds-at-High-Risk-in-May.html?DFXfeeds=forex:fundamental:daily_briefing:daily_pieces:china_news
China’s Market News: Private Sector Bonds at High Risk in May
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