0 sats \ 0 replies \ @Solomonsatoshi 26 Oct \ parent \ on: China in a deflationary trap econ
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/