Comments by "" (@badluck5647) on "China's Overseas Bailouts!" video.

@antonmorozov5193 It goes both ways. No one wants to loan to a bad creditor who defaults on their debt, and I imagine few want to do business with banks who give out predatory loans. It would be smart for both sides to protect their reputations.
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It would still hurt your credit worthiness as cherry picking who you would default on still makes you seem like a risky country to loan money to.
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@antonmorozov5193 What are you talking about? How is buying a US treasury bond predatory? The US in this case isn't even the creditor!
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Steel makers in China are state owned companies that can't lay people off to save cost, so the companies are inefficient and dependent on state subsidies. The Communists are pressuring state banks to give risky loans that aren't in the banks' interest to keep other state companies afloat. This is why state ownership of companies is problematic.
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