fantasia reportedly was unexpected and resulted more or less in chinese real estate starting to get locked out of international markets some numbers i roughly remember:https://twitter.com/EricMertz_KC/status/1448460489642684418 …
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yields on international chinese real estate debt are up to something like 15%, purchases by intl buyers are stalling out something like only 10-20% of the sectors debt is international so maybe they could make up for it domestically by CCP fiat, but all of it all at once? dicey
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evergrande isnt even responding to inquiries from intl lenders technically theyre still in a grace period before proper default but this seems Highly Irregular and my expectation is that intl lenders are gonna be just SOL
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reportedly china is pretty sealed up financially so maybe this is like a bomb going off inside a bunker, sucks if you're in the bunker but maybe ok if you're outside maybe maybe
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