Did anyone ever seriously think that Chinse government/CCP would allow a chinese company to collapse like Obama allowed Lehman to collapse & create 5 years of pain for its poor debt laden citizens & economy.
The chinese are better capitalists than the capitalists it seems.
Unlike the yanks with $22T debt and rising by $3T with USD$ dropping, the chinese state can state control a problem using $5T cash & not allow it to explode all over them like Lehman GFC 1987 Iraq Afghanistan Vietnam etc etc.
Issuing bond debt is a novelty for them and soon paid off with masssive incoming cashflow from western debtors and western retailers of ~$1T pa mostly US EU.
Way oversold panic,
black September 15 is past yet black October 19, 24-29 still not cleared but averted looks like.
China is a global marker of growth not crashes like from the US.
Did anyone ever seriously think that Chinse government/CCP would...
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