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Resolution and Mitigation of Bad Debt Risk
Just recently, we were shocked by reports of defaults on several private corporate bonds, two of which were issued by textile/garment companies and two others by property companies.
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Just recently, we were shocked by reports of defaults on several private corporate bonds, two of which were issued by textile/garment companies and two others by property companies.
The growth of the textile and garment industry is actually high enough. During the second quarter of this year, the textile and garment industry grew 20.7 percent year-on-year (yoy), above the growth of the overall manufacturing industry, which grew only 3.54 yoy in the same period.