Risk Watch: China Central Bank-backed Media Signals Severe Debt Crisis

China’s Financial News published an article on May 22 titled, “‘Breach of Contract’ Force Reshaping of Bond Market Rules,” that commented on the recent cover-up of contract breaches in China. The article noted that “breaching contracts has become a trend in China’s bond markets,” and that the phenomenon is a “mandatory lesson” for businesses in …

Read moreRisk Watch: China Central Bank-backed Media Signals Severe Debt Crisis