A Surprise China Default Upends Assumptions on Official Aid
A man walks past the Shanghai World Financial Center, second from left, Jin Mao Tower, third from left, Shanghai Tower, fourth from left, and other commercial buildings in the Lujiazui district from the bund area in Shanghai, China. (Photographer: Tomohiro Ohsumi/Bloomberg)

A Surprise China Default Upends Assumptions on Official Aid

(Bloomberg) -- A Chinese state-backed borrower’s failure to make good on a payment on a dollar bond on Friday threatens to overturn assumptions that officials would step in to avert defaults by com...
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