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In the past there were no defaults, because almost all issuers were SOEs or government backed, this cannot continue. In order for the debt market to be normal, unhealthy debt should be identified.

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Reuters 9 years ago

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    "Phillip Li Quotes." Quotes.net. STANDS4 LLC, 2024. Web. 25 Dec. 2024. <https://www.quotes.net/citizen-quote/147535>.

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