China credit default rates

 5-year credit default swaps of the People’s Republic of China .




In “China’s Worsening Credit Crunch,” published at Pragmatic Capitalism, Nomura analysts are quoted saying that some of the rise in the discount rate may be caused by financially stressed property developers. The article further observes that the gap between the commercial acceptance bill discount rate and the Shanghai interbank rate has widened to 5.7%, the highest level since data became available.