China´s debt time bomb ticking loudest in Dandong Port as liabilities top US$7 billion
(WorldNews China)

A debt time bomb is ticking at Dandong port in northeastern China, whose operator – according to corporate filings and analysts – has accumulated liabilities of 46.5 billion yuan (US$7 billion). Dandong Port Group, which operates the facility close to the border with North Korea, failed to settle 1 billion yuan worth of bonds that matured at the end of October. The default raised questions over its likely ability to honour a further 6.95 billion yuan worth of publicly traded bonds......