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D W
Inside China Business
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Comments by "D W" (@DW-op7ly) on "Wall Street investment funds lose billions on Evergrande bonds gamble" video.
I don't think the Chinese Government should bailout even these wealthy Chinese investors who invested in these wealth products. They took a risk in a sector their Central Government was cutting off money flow to since 2010 As for foreign investors, I actually had a few people reach out to me. As the junk bonds these Property Developers were flogging became a hot commodity these last few years. These "Sophisticated Foreign Investors" were expecting the Chinese Government to back stop these investments... My reply was not when the Government cut off money flow to these companies in 2010. They jumped in anyway
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