Default of a Chinese Bond: Isolated event or the beginning of something bigger?
March 18, 2014
Default of one small solar company or one medium sized steel mill does not foretell an immediate collapse of the Chinese bond market. But it is a very clear warning of its direction
William Gamble
It finally happened. A Chinese domestic bond has defaulted. It was the first default since the Chinese central bank (PBOC) started regulating the market in 1997.