US trade deal pressure could trigger Black Swans in China; LGFV defaults risk triggering systemic crisis

SinoInsight  1  On Dec. 22, mainland media outlet The Economic Observer reported the default of a city investment bond issued by the local government in Zhaoling District in Henan’s Luohe City. The bond was issued by another city investment platform in Zhaoling and was guaranteed (accounts receivable of not less than 600 million yuan) by …

Read moreUS trade deal pressure could trigger Black Swans in China; LGFV defaults risk triggering systemic crisis

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