Chinese Qinghai Provincial Misses Coupon Payment on 2020 Dollar Bond
https://www.bloomberg.com/news/articles/2019-08-22/qinghai-provincial-is-said-to-miss-dollar-bond-coupon-payment?
Once governments cannot pay back the money they borrowed they start increasing taxes (hunting for money) and increase discontentment among citizens as noticed in Hong Kong.
To hide their failure in managing the economy and distract attention Governments bring on restrictions on their citizens and start external war.
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