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China Vanke’s dollar bonds signal fears of default down the road.
— Mayte Chummia (@Maytechummia) March 14, 2024
Firm faces $1.8 billion maturing or puttable bonds this year.https://t.co/erW4G1tN6R
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The Party instructed banks to bail out Vanke, the 2nd largest property company in PRC. The banks reluctantly agreed with the "understanding" that Xi will bail them out when this goes tits up. The banks' savers will ultimately pay the price for Xi's folly. https://t.co/tZPwQUjEQS
— Father Ted Crilly (@TedCrilly666) March 12, 2024
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weehingthong 