China Braces For December D-Day: The “Unprecedented” Default Of A Massive State-Owned Enterprise | Zero Hedge

China Braces For December D-Day: The “Unprecedented” Default Of A Massive State-Owned Enterprise | Zero Hedge

Three days after we described the self-destructive doom loop that is tearing apart China’s smaller banks,  where a second bank run took place in just two weeks – an unprecedented event for a country where until earlier this year not a single bank was allowed to fail publicly and has now had no less than five bank  high profile nationalizations/bailouts/runs so far this year – the Chinese bond market is bracing itself for an unprecedented shock: a major, Fortune 500 Chinese commodity trader is poised to become the biggest and highest profile state-owned enterprise to default in the dollar bond market in over two decades.

via China Braces For December D-Day: The “Unprecedented” Default Of A Massive State-Owned Enterprise | Zero Hedge

2 thoughts on “China Braces For December D-Day: The “Unprecedented” Default Of A Massive State-Owned Enterprise | Zero Hedge”

  1. Zero hedge is run by a fascist asshole that is a racist and supports trump. America is not free by any means. If the hormesis assholes do manage to start a nuclear war with china, russia or iran, that is it.

    Like

Comments are closed.