China Economy Faces `Year of Defaults,' Miller Says

March 11 (Bloomberg) -- Leland Miller, president of China Beige Book International, which carries out a quarterly survey of the nation's economy, talks about the country's growth outlook, credit market, and government policies. Shanghai Chaori Solar Energy Science & Technology Co., a solar-cell maker, said March 7 it wasn't able to make an interest payment due that day in full, providing the first default in China's onshore bond market. Miller speaks from New York with Mia Saini on Bloomberg Television's "First Up." (Source: Bloomberg)

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