QIN are no longer in a position to play a long game.
They have missed their half annual coupon payment on a USD 250 million loan, the company is in default, and have another 26 days to make good. The company doesn't have "until November".
As a retailer, would you pay a supplier, who is on the brink of insolvency, cash up front for goods that take over a decade to deliver?
QIN are no longer in a position to play a long game. They have...
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