Defaults in an opaque corner of China’s local debt market have surged to a record high, ensnaring investors who’d assumed the securities had an implicit guarantee from the state. It wasn’t supposed to ...
Nearly five years ago, Vyshak Vijaykumar stood in front of the mirror at his home and wept. The reflection he saw was not that of a top-level pace bowler, but of a plump young man whose cricketing ...