China Pushes Yuan Aggressively Higher As Corporate Bonds Implode
Market Depth
Chinese Officials Are Doing Everything to Uplift the Yuan
Wanda Dalian group revealed that they have they are 200 million USD short of default on a 400 million dollar bond maturing at the end of the week. This is why in part Chinese officials are doing everything to uplift the yuan. And yet still the two state back firms and the kind of golden horse like safe one, even they can't find funding currently. That's why I'm bringing this up.
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