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

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.