Apparently China's government appears to be slightly alarmed at the recent slew of negative headlines and data releases and fears that its 'growth target' may not be met this year.

The "good" news this evening is that Baoding Tianwei Baobian Electric Co (TBE), the company which as recently as two days ago was rumored to be the second "imminent" Chinese corporate bond default which sent copper to multi year lows, has issued a statement that it will not default on its upcoming interest payment.