{"id":43041,"date":"2014-03-13T15:15:43","date_gmt":"2014-03-13T15:15:43","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/ft_chinas_li_keqiang_says_defaults_unavoidable\/"},"modified":"2014-03-13T15:15:43","modified_gmt":"2014-03-13T15:15:43","slug":"ft_chinas_li_keqiang_says_defaults_unavoidable","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=43041","title":{"rendered":"(FT) China\u2019s Li Keqiang says defaults \u201d\u02dcunavoidable\u2019"},"content":{"rendered":"<p>China is likely to see a series of bond and financial product defaults as the government accelerates financial deregulation and allows more private ownership in the state-dominated sector, Li Keqiang, Chinese premier, said on Thursday.<\/p>\n<p>Future defaults of financial products in China are \u201cunavoidable\u201d\u009d but the government will take steps to ensure they do not pose a threat to the wider financial system, Mr Li told journalists at his annual media conference.<\/p>\n<p>China saw its first domestic bond default in recent history a week ago when Chaori Solar, a small Shanghai-based solar panel producer, failed to pay interest on Rmb1bn ($162m) worth of bonds it sold two years ago.<\/p>\n<p><a href=\"http:\/\/www.ft.com\/intl\/cms\/s\/0\/27f9f4aa-aa82-11e3-9fd6-00144feab7de.html?siteedition=intl#axzz2vpwlxNjB\">Read it all<\/a>.<\/p>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>China is likely to see a series of bond and financial product defaults as the government accelerates financial deregulation and allows more private ownership in the state-dominated sector, Li Keqiang, Chinese premier, said on Thursday. Future defaults of financial products<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=43041\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39,40,50,201,502,589,149,168,119,151,585,34],"tags":[],"class_list":["post-43041","post","type-post","status-publish","format-standard","hentry","category-culture-watch","category-economics-politics","category-international-news-commentary","category-asia","category-china","category-corporationscorporate-life","category-economy","category-ethics-moral-theology","category-globalization","category-politics-in-general","category-the-banking-systemsector","category-theology"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/43041","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=43041"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/43041\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=43041"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=43041"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=43041"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}