Much of the routine trade and investment between China and America is entirely appropriate and in America’s interest. But inserting the Chinese Communist Party into America’s pay-to-play system and its economic development strategy isn’t just crossing a line. It’s a leap into an abyss of stupidity.
Where is the money borrowed from?
Repay less bond debt now, more bond debt later.
Pay less bond debt now, more bond debt later, by restructuring the bond deal, which depending on how that’s done could hike overall costs of the debt.
Junk, Junk, Junk.
DOA Chicago