Bloomberg report on the latest bond default from China

  • Hidili Industry International Development Ltd. reported on October 30 that it could not pay bond principal and interest due
  • $190.6 million due today
  • Failed to raise money from banks or asset sales

"Hidili's struggle could have a chain reaction in China's real economy," said Ji Weijie, a credit analyst in Beijing at China Securities Co. "Banks could see rising bad debts, and smaller companies counting on distressed companies like Hidili could also fail."

If you check out the performance of Chinese stock markets today, you'll see the carnage that has caused to investor confidence nothing really