30 sats \ 2 replies \ @TomK OP 26 Oct \ parent \ on: China in a deflationary trap econ
Massively. Like europ banks too
write
preview
0 sats \ 1 reply \ @Satosora 26 Oct
I didnt realize other people were in that market. I guess there are ways around it. I thought it was only for the chinese, especially purchasing property.
reply
0 sats \ 0 replies \ @Solomonsatoshi 26 Oct
This is old news- the Chinese look after their own and have left greedy western funds to carry a lot of the toxic debt.
https://www.reuters.com/business/finance/blackrock-hsbc-among-largest-buyers-evergrande-debt-morningstar-2021-09-21/
https://www.reuters.com/business/finance/bluebay-buyer-evergrande-debt-ashmore-ubs-exposed-morningstar-2021-09-27/
reply