Sucheta Dalal :Default of a Chinese Bond: Isolated event or the beginning of something bigger?
Sucheta Dalal

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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.

 

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-- Sucheta Dalal