It’s a green trap. Even if you get an agreement with bondholders, it doesn’t fix the problem of piling debt, and how will they pay the rest of the people they owe. All imo, gltah. Saving Evergrande will mean the other shady real estate companies will starting coming out and ask for a bail out as well? i’m sure China understands this as well. Better to let it default & China State sweep it after for cheap.
Iron ore price, page-38095
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