Let people digest the news and think what ever they want.
When I read write ups like this I have to reach for the bucket
The good news for traders who are finding comfort in the failures is that more may be in the offing. A report last week by Standard & Poor’s said that “more defaults cannot be ruled out” as earnings for Chinese property developers suffer.
Shocking as the tile and above paragraph maybe... it is followed by this below...
Of course, there’s risk and potential pain associated with that outlook. China’s corporate debt is the highest in the world, former central bank adviser Yu Yongding wrote in the official China Daily last week. Companies had $14.2 trillion in debt at the end of 2013, exceeding every other country including the U.S., which had $13.1 trillion in company obligations, S&P said in a June report.