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Credit default risks may intensify as...>

CHINA PRESS
CHINA PRESS: Credit default risks may intensify as interest rates rise across
the globe, Securities Times said in a commentary. 
  - With Bank of England raising interest rates and the U.S. Federal Reserve
expected to do the same in September, the PBOC shall likely follow, the
commentary said. 
  - The rise in interest rates will increase enterprises' cost of lending and
repayments for redeeming bonds, cultivating credit bond defaults, the commentary
said.
  - The worsening exporting environment amid the escalating trade tensions
further affects enterprises' production and growth, which may exacerbate credit
default risks, the commentary added.

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