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"More than half of the biggest 50 developers have now gone into default, having defaulted on around $115bn of $175bn in outstanding offshore dollar bonds since 2021. A bigger pile of onshore bank loans also faces restructuring or rollovers."https://t.co/IHMpjDJzh6
— Michael Pettis (@michaelxpettis) October 23, 2023
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weehingthong 