{"id":36332,"date":"2019-02-28T08:36:21","date_gmt":"2019-02-28T13:36:21","guid":{"rendered":"https:\/\/www.geopoliticalmonitor.com\/?p=36332"},"modified":"2019-02-28T08:36:21","modified_gmt":"2019-02-28T13:36:21","slug":"china-debt-qinghai-soe-is-first-offshore-default-in-20-years","status":"publish","type":"post","link":"https:\/\/www.geopoliticalmonitor.com\/china-debt-qinghai-soe-is-first-offshore-default-in-20-years\/","title":{"rendered":"China Debt: Qinghai SOE Is First Offshore Default in 20 Years"},"content":{"rendered":"

Qinghai Provincial Investment Group, a state-owned investment vehicle in the country\u2019s remote northwest, defaulted on two bonds earlier this week. One was missed<\/a> interest payment on a RMB 20 million ($3 million) onshore bond which, though undoubtedly a negative sign, was not exceptional given the growing prevalence of defaults since 2014, when Baoding Tianwei Group became<\/a> the first state-owned enterprise (SOE) to formally default on onshore debt.<\/p>\n\n","protected":false},"excerpt":{"rendered":"

The default of a state-owned provincial investment vehicle reflects a changing paradigm in China\u2019s debt markets. But how long will the authorities remain on the sidelines?<\/p>\n","protected":false},"author":474,"featured_media":33549,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"episode_type":"audio","audio_file":"","duration":"","filesize":"","date_recorded":"","explicit":"","block":"","filesize_raw":""},"categories":[1],"tags":[1384,1387,1548],"series":[],"episode_featured_image":"https:\/\/www.geopoliticalmonitor.com\/wp-content\/uploads\/2018\/03\/Yuan2.jpg","episode_player_image":"https:\/\/www.geopoliticalmonitor.com\/wp-content\/plugins\/seriously-simple-podcasting\/assets\/images\/no-album-art.png","download_link":false,"audio_player":false,"yoast_head":"\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n