4 ms·

I hope this event has limited international implications, but I'm afraid it may be a mess.

• jacknews 3y ago
  I remember reading a couple of analyses that suggested they were shifting a lot of the debt out of China, on to international investors, so thay'd be taking the hit. I guess they completed that process. Edit: should have read the piece - it seems this is exactly what they did - dangled (or at least, failed to deny) the prospect a government bailout, to offload the debt to international speculators.
  • klipklop 3y ago
    Ooof you would have to be a massive fool to take on the debt hoping the Chinese government would pay you, a foreign debt holder, back.