A debt default is generally not cause for celebration. Not defaulting, by contrast, should be a good thing. But in China, a lack of defaults has said more about inadequate processes for dealing with failing companies than it does about their financial health — not to mention a lack of political will to allow companies to fail. That is slowly changing.
債務(wù)違約通常不是慶祝的理由。相反，沒有發(fā)生違約應(yīng)該是好事。然而在中國，缺少違約更多地說明了處理失敗企業(yè)的程序不完善——且不提缺乏讓企業(yè)倒閉的政治意愿，而不是它們的財務(wù)狀況良好。這種狀況正在慢慢改變。
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