Not Concerned About China ’s
Financial Crisis? You Should Be
In February, IVN reported on a mostly ignoredstudy claiming that the world, especially
On
Tuesday, almost all media outlets worldwide picked up on the first Chinese-state
owned business allowed to default.
Struggling
in a cooling economy, Baoding Tianwei Baobian Electric missed its $13.8
million interest payment due on April 21 for bonds traded within China . Even
though it is a state-owned company, Beijing
let them default. Read
More
What if rates begin to climb too? Oh
my...