China Developer Shimao Gets Holders' Nod to Extend Local Bond Payment

The video discusses the strategies employed by Chinese developers to manage debt, particularly the distinction between onshore and offshore debt. Developers often default on offshore debt while extending onshore debt to continue operations. This approach highlights the preferential treatment of onshore creditors and the authorities' focus on ensuring developers deliver homes and payments. However, this has led to frustration among creditors due to prolonged extensions.

How does the treatment of onshore creditors differ from offshore creditors?

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What frustrations are expressed by domestic creditors?

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