Press reports on Huachen Automotive Group, a state-owned Chinese group caught up in the country's spate of defaults

  • a creditor document shows had Rmb33.5bn ($5.1bn) in outstanding lending
  • raising concerns that bond market tremors could also sweep through the banking sector

Huachen, based in the northeastern city of Shenyang, is controlled by the Liaoning provincial government.

"There's yer problem ..."

Press reports on Huachen Automotive Group, a state-owned Chinese group caught up in the country's spate of defaults