Chinese shipbuilder warns it may not be able to repay bonds due this week

Bloomberg carrying an article this Tuesday, which reports another potential default in China, as the Chinese shipbuilder warns it may default on its bonds repayment this week.

As Bloomberg reports, Shipbuilder Wuhan Guoyu Logistics said there is uncertainty if it can repay the 400 million yuan ($60.2 million) of notes due this week (August 6).

 Meanwhile, the Chinese equities trade near one-month lows, Hong Kong markets halted trading on account of passage of Typhoon Nida.