China companies struggle to sell bonds, posing quandary for economy

SHANGHAI: China’s roaring bond engine is stalling heading into the new year, posing a quandary for policy makers as they try to curb leverage while keeping economic growth on track.

Bond issuance in December by Chinese companies and banks is 142 billion yuan (US$20.4bil) less than the amount of notes they must repay this month, data combined by Bloomberg show. That’s set for the biggest monthly gap on record.