Two Chinese corporate bonds headed towards what may prove to be precedent-setting default this week, in the latest test of Beijing’s willingness to confront moral hazard in the financial system.
兩隻中國企業債本週瀕臨違約。這類違約在中國是史無前例的,將考驗中國政府是否願意直面金融體系中的道德危機。
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