China’s Government Is Letting a Wave of Bond Defaults Just Happen
A woman stands in front of signage at the lobby of the People’s Bank of China (PBOC) headquarters in Beijing, China. (Photographer: Qilai Shen/Bloomberg)  

China’s Government Is Letting a Wave of Bond Defaults Just Happen

(Bloomberg Businessweek) -- China’s had another record year of corporate bond defaults. That’s not a crisis. It’s a plan.
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