HNA group is the exact reason why I fear Chinese firms. They expand quick, buildup debt, borrow more money, expand more, then apparently might default on some bonds and miss payments for their supply chain. And this is the how #ccp runs China...no planning https://t.co/X5NwZmc3Zx

China suffers biggest state firm dollar bond default in 20 years https://t.co/MZ6MixYv3f via @NewsNowUK

While Trump offers some room for #China to breath, the number of corporate defaults continues to increase, extending to SOEs.... First real loss for SOE offshore bondholders and more to come #Tewoo pic.twitter.com/hj7PtWGrIY

Until this year, no Chinese company backed by the state had been allowed to default on its dollar debt since the collapse of in 1998. https://t.co/YvJJ5uOUi0

Two weeks ago we previewed what we said would soon be a D-Day for China's bond market, as a massive commodities trader and Global 500 state-owned enterprise was set for an "unprecedented" bond default.

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