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Chinese Firms Owe Roughly $24 Billion in Overdue Credit Bonds: Borrowers include state-run enterprises who were previously rated AAA by Chinese bond rating agencies
Epoch Times ^ | 12/26/2020 | Nicole Hao

Posted on 12/26/2020 4:45:49 PM PST by SeekAndFind

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To: SeekAndFind

China and her people are enemies of our nation and of Western Civilization. No student and spousal visas should even be allowed.


21 posted on 12/26/2020 9:15:29 PM PST by Clemenza
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To: SeekAndFind

This is many, many, many times worse. All this corporate paper is essentially worthless. The much touted Chinese economy has been on the edge of collapsing for years. They were propped up by the massive trade imbalance. Remove that and it is only a matter of time before a major Chinese financial meltdown. Trump has them by the balls. That is why they were heavily involved in the election steal. Among other reasons.


22 posted on 12/26/2020 11:56:19 PM PST by Revolutionary ("Praise the Lord and Pass the Ammunition!")
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