China bond default has positive effect on local government groups
March 21, 2014 Leave a comment
March 17, 2014 3:15 pm
China bond default has positive effect on local government groups
By Simon Rabinovitch in Shanghai
It looks like a colossal accident waiting to happen: China’s first true bond default has laid bare the country’s financial risks just as $400bn in debt comes due this year for cash-strapped local governments. Read more of this post







