China's Bond Defaults - Show V5
This week Peng Guo are looking into S&P's excellent report on China's bond market, both onshore and offshore. Bond defaults spiked in the last three years and of course property was a huge driver. What may be less obvious is that recovery rates are abysmal and even worse if you go to court. We break it down.
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You can reach Gerard DeBenedetto on Twitter @gadnyc
Special thanks to Nate for the track.