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Gordon G. Chang /
npub10c7…mtgr
2024-09-04 15:21:50

Gordon G. Chang on Nostr: Thanks, @davidpgoldman. Yes, bond interest is reported, but #China State Railway ...

Thanks, @davidpgoldman. Yes, bond interest is reported, but #China State Railway characterizes major fund-raising transactions in ways that hide borrowings, sometimes by structuring them as buyback guarantees. The result is that we do not see the full picture of its obligations.
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npub10c7gycyk4mmk8lw5pzrjdtk28axey0a9ejnd4tvyxvvmthl0z4uszsmtgr