It's kind of amazing to watch this story unfold in realtime and nobody in the west's media seems to care to investigate. Maybe because China is just too incomprehensible and foreign to outsiders? Lots of Kremlinology going on.
Opinion seems to be either "everything is fine bro, CCP would never let it go tits up" to "This is Lehman Bros 2.0".
It's kind of amazing to watch this story unfold in realtime and nobody in the west's media seems to care to investigate. Maybe because China is just too incomprehensible and foreign to outsiders? Lots of Kremlinology going on.
Opinion seems to be either "everything is fine bro, CCP would never let it go tits up" to "This is Lehman Bros 2.0".
The CCP would never let it go tits up...for the Chinese bond owners. They couldn't give a flying fuck about overseas debt owners.
The CCP would never let it go tits up...for the Chinese bond owners. They couldn't give a flying fuck about overseas debt owners.
I read an article earlier that Evergrande Group, the parent company, was selling shares of its electric vehicle division for 93% less than they were being sold for in May. They are selling private jets they own and any possible company asset in a desperate attempt to pay off interest on their $300 billion in liabilities.