Chinese companies are facing mounting pressure to repay their dollar debts. More than $100 billion of Chinese corporate dollar bonds are due to mature this year, the largest wave of maturities in history. According to Refinitiv, a global financial market data provider, China’s wave of dollar maturities will reach $118 billion. Japanese investment bank Nomura Holdings expects $190.4 billion of Chinese corporate dollar debt to mature this year and $217.7 billion next year. According to a March report by S&P Global Ratings, China’s local state-owned enterprises (SOEs) have as much as $25 billion of offshore bonds maturing this year. Among the thousands of local SOEs, 231 issued a total of 295 offshore bonds worth $100 billion, the report said. The average maturity of these bonds is about two years, with a quarter, or $25 billion, due this year. According to the report, corporate debt risk is regional, with SOE bond …