[SeekAndFind]

Signs of stress have also become apparent in China’s corporate bond market, where private companies have been encouraged to seek financing. By early June, 20 corporate bond defaults totaling 14.2 billion yuan had occurred, many of them by private, listed firms, according to a report from China Central Depository and Clearing, a state-run settlement service for financial products. Rising default risks have worsened private firms’ bond ratings, pushed up the costs of issuing bonds, and forced some to shrink the scale of issuance.

[SeekAndFind]

[PGR88]

leveraging does not cause any crisis. It’s the sudden stop of leveraging that will lead into crisis,” Xu Jianwei, a Hong Kong-based senior economist from Natixis, said.

Its not falling that kills you, its the sudden stop at the bottom.

[Falconspeed]

Thank you. Your post is clear and intelligent and different from the article from the Morning Post above.

From the article. “To build a coal-fired power plant” is an unreasonable wish. To build IFR reactors and plasma recyclers are reasonable wishes.