Those were financial operations. They were selling bonds outside China. The treatment of stakeholders have also been different inside and outside of China. The

Those were financial operations. They were selling bonds outside China. The treatment of stakeholders have also been different inside and outside of China. The assumption based on the experience so far is that inevitably overseas investors, such as US based entities, will lose out more. Chinese firms have been raising money in overseas markets and has been exporting risk in this way, the issue is how China's government will handle this against the opaque corporate structure behind these financial instruments sold overseas.