Thursday, March 13, 2014

China leader says debt defaults ‘hardly avoidable’

BEIJING, Mar 13 – Chinese Premier Li Keqiang signalled on Thursday that Beijing was willing to accept some debt defaults in the world’s second-largest economy as it struggles to clean up its multi-trillion-dollar “shadow banking” sector. His comments come after the country’s first-ever default on a domestic corporate bond last week and as investors grow […]



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