The Second Chinese Corporate Default: Real Estate Developer With CNY3.5 Billion In Debt Collapses
March 17, 2014 at 11:13 AM EDT
A few days ago, copper prices and the Chinese stock market were roiled by speculation that another - the second in a row - Chinese bond default may be imminent, in the shape of Baoding Tianwei Baobian Electric (TBE) a maker of electrical equipment and solar panels, whose bonds and stock were suspended from trading a week ago after reporting massive losses.