Created with Sketch.Created with Sketch.HONG KONG -- Not so long ago a Chinese bond default was barely heard of. Yet in the past two months, talk in the country's financial circles has been of little else.A swath of failures to repay principal or interest on outstanding bonds has sent this year's default total to a record $25 billion and raised concerns of a looming debt crisis that could derail China's post-pandemic recovery. It follows a period in which Chinese companies have gorged on cheap borrowing, giving the world's second-largest economy one of the world's most debt-dependent...…Created with Sketch.Created with Sketch.HONG KONG -- Not so long ago a Chinese bond default was barely heard of. Yet in the past two months, talk in the country's financial circles has been of little else.A swath of failures to repay principal or interest on outstanding bonds has sent this year's default total to a record $25 billion and raised concerns of a looming debt crisis that could derail China's post-pandemic recovery. It follows a period in which Chinese companies have gorged on cheap borrowing, giving the world's second-largest economy one of the world's most debt-dependent...WW…