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China Braces For December D-Day: The "Unprecedented" Default Of A Massive State-Owned Enterprise

By: capt_nemo in POPE 5 | Recommend this post (0)
Sat, 30 Nov 19 3:53 AM | 37 view(s)
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On December 9, bondholders of China's state-owned Tewoo will have to decide if they will accept a "distressed exchange offer", triggering the biggest SOE default in China since 1998.

http://www.zerohedge.com/economics/china-braces-unprecedented-massive-default-state-owned-enterprise




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Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.




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