[Bloomberg] China’s $17 Billion Default Wave Is About to Break a Record

📄News Link from Bloomberg

🗣 Vocabularies

1. hurtle : to move very fast, especially in a way that seems dangerous

- China is hurtling toward another record year of onshore bond defaults

 

2. bond defaults

- A bond default occurs when the bond issuer fails to make interest or principal payment within the specified period. Defaults typically occur when the bond issuer has run out of cash to pay its bondholders.

 

3. onshore bond

- Onshore bondsare life insurance policies which allow customers to invest a lump sum, and pay additional premiums, into a variety of available funds. There is a notional level of life cover and no fixed term. Policyholder returns are calculated by reference to the performance of the underlying funds

 

4. a hair's breadth:a very small margin, a very small distance or amount:

-She came within a hair's breadth of losing her life(= she nearly died).

-within a hair’s breadth of the 121.9 billion yuan annual record in 2018

 

5. gauge : to calculate an amount, especially by using a measuring device:

-they’ve fueled concerns of potential contagion as investors struggle to gauge which companies have Beijing’s support

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6. tightrope: a tightly stretched wire or rope fixed high above the ground

- Policy makers have been walking a tightrope as they try to roll back the implicit guarantees that have long distorted Chinese debt markets

 

7. hinder: to limit the ability of someone to do something, or to limit the development of something:

- This will hinder market confidence.

 

8. tipping point: the time at which a change or an effect cannot be stopped

 

All meaning of words is from https://dictionary.cambridge.org/

 

✍️ Summary

China is hurtling toward another record year of onshore bond defaults, as the economy slows and companies have difficulties to deal with an unprecedented level of debt.

Some people said that it's the natural part of the credit-market cycle.

The others are worried about the fact that it hinders market confidence and weakens the healthy development of China's credit market.

 

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항상 읽을 때마다 느끼는 거지만 경제나 정치 부분 뉴스는 모르는 용어가 너무 많다. 읽는 것도 힘들고 ㅎㅎ 그만큼 내가 이쪽에 대한 지식이 부족해서 인 것같다 꾸준히 읽다보면 아는 것도 많아지고 매끄럽게 읽을 날이 오겠지 뭐 😙

참고로 단어중에 hurtle US 발음으로 듣고 따라해보려했는데...너무 어렵다😨 영국발음으로 듣고 따라하니 그나마 좀 나은 것 같다..

또한 onshore bonds는 설명을 읽어도 솔직히 뭔지 잘 모르겠다........help plz..