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

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.