 "China")
The number of Chinese companies "consistently overdue" on commercial paper payments jumped 26% in December from a month earlier as a liquidity crunch hitting Chinese property developers reduced their ability to service debt.
A total of 484 companies were overdue on at least three commercial paper payments in the period from Aug. 1 to Dec. 31 last year, according to the Shanghai Commercial Paper Exchange.
The December total was 100 more companies than in November and included 95 in the real estate sector.
Four of the names are project companies of developer Shimao Group Holdings, which is discussing payment arrangements
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