More Chinese developers seek to extend bond terms to avert default

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“Chinese try to delay the inevitable” ftfy 😉


They’ll extend deadlines and prop them up until after the Olympics. Bad look to have your economy collapse while you’re trying to impress the world.


Is this the beginning of the end?


Someone please chime in if I misunderstood… but is no one gonna mention that the Chinese company is literally screwing over foreign/offshore investors over local investors? Is this standard practice? Why aren’t western politicians making noise regarding this to try to force them to pay (they can use embarrassing national pride and making Chinese investments as a cluster sound less secure and hence future Chinese bonds will need bigger interest rates to try to force the government to step in… either to treat all investments as equal or to directly help pay the foreign bonds).


Is there a bullish case to be made?