Distressed debt funds find it tough to crack China market amid COVID-19 curbs

Distressed debt funds find it tough to crack China market amid COVID-19 curbs

Coronavirus / Covid-19 cases in China. (9.04.2020) Source: Center for Systems Science and Engineering (CSSE) at JHU. Photo:KOBU Agency/unsplash

Vulture funds cheering freer access to China’s $1.5 trillion in bad debt have flown straight into a knotty market complicated by coronavirus restrictions, at a time when similar curbs are serving up opportunities in easier, developed markets.

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