But what if the first domino to fall in the coming corporate debt crisis is not in the US, but in China?
After all, as part of China’s aggressive deleveraging campaign, there has already been a spike of corporate bankruptcies as banks shed more of their massive note holdings and de-risk their balance sheets. According to Logan Wright, Hong Kong-based director at research firm Rhodium Group LLC, there have already been least 14 corporate bond defaults in China in 2018…..
https://www.zerohedge.com/news/2018-06-05/it-time-start-worrying-about-chinas-debt-default-avalanche
