They allowed the Default!
http://www.bbc.com/news/business-26464901
Property investors should be following Chinese banking system closely now, If they let a few more default then they are serous..
This is exactly how subprime started, just a few at first then snowballed as more and more hit overloading the system, and there is lots of defaults coming this year from them!
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- first chinese default!
first chinese default!
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