"China's Li Keqiang warns investors to prepare for wave of bankruptcies"

Take your seats for Global Financial Crisis, Round Two:

Speaking after the annual session of the national people's congress, Li Keqiang said: "We are going to confront serious challenges this year and some challenges may be even more complex." He told lenders to China's private sector factories they should expect debt defaults.

"Complex"!! That is Chinese for SOL!