Scalper1 News
A Chinese solar-cell maker, Shanghai Chaori Solar Energy Science & Technology, on Friday defaulted as expected on its corporate bonds as the country’s credit market braced for a possible wave of local defaults. Shanghai Chaori Solar Energy’s default marked the first onshore one in China’s commercial bond market. Analysts say China’s government may be prepared to let more small, debt-laden companies that are unable to pay interest on their bonds Scalper1 News
Scalper1 News