No China crisis as company heads for groundbreaking default

Thursday, March 06, 2014

China could soon see its first true corporate bond default, after Shanghai Chaori Solar said it would be unable to make a CNY89 million ($15 million) coupon payment due tomorrow

TAGS: Default

Comment by: Anonymous. Posted 10 years ago [2014-03-07 01:02:51]

I realize this is not a novel thought, but this complete absence of defaults among Chinese corporates is a Madoff Warning. Call it a "red flag" for widespread fraud.

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