Logan Wright

“They actually want to default.”

Logan Wright · said date not stated · reported 2026-10-26

Wright said local officials' priorities may sometimes run counter to Beijing's because they actually want to default in order to trigger a bailout.

“No one wants to be the first local government official to default,”

Logan Wright · said date not stated · reported 2026-10-26

Wright warned that letting any local government default could set a dangerous precedent, as no official wants to be the first to do so.