Evergrande and China's property woes
Business Daily
00:00
The Chinese Government Wants to Avoid Bail Outs
Someone will have to pay the costs of evergrands restructuring. The question is, who and how much? Initial signs all right, it's going to start with the foreign bondholders. I don't think the chinese government will have many qualms about foreign creditors losing money. i think they are much more concerned about what happens to domestic creditors, banks, to chinese citizens. There are about one and a half million of them who have paid deposits on properties that haven't even been built yet. Some probably will pay costs, but i think a lot of them will eventually find themselves,. probably on the receiving end of some kind of bail outbut, but i don't Think the
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