The trade dispute and slowing GDP growth are putting additional pressure on domestic corporates with loan payments due.

The trade dispute and slowing GDP growth are putting additional pressure on domestic corporates with loan payments due.
As China’s corporate credit concerns rise and growth slows, foreign credit ratings firms eye onshore bond ratings.
Standard Chartered Bank has revised its forecast for the renminbi following Brexit, and now expects the currency to devalue further this year.
Authorities have allowed domestic bond defaults and may soon give the green light to their offshore counterparts, said Arthur Lau, head of Asia ex-Japan of fixed income at Pinebridge Investments.
Part of the Mark Allen Group.