China’s not exactly flush with cash to buy debt with at the moment, they’re having their own struggle party at the moment, although they tend to be less vocal about it. After all, their real estate market basically got massively over leveraged and a lot of capital disappeared and turned out wasted.
The Saudi’s too are having a bit of a liquidity problem at the moment, they’ve made a lot of commitments on weird mega projects and spent a lot of money trying to diversify their economy and repair their image, much of it with limited success.
More like with debt, but who will buy the bonds that fund that debt?
China (and some others).
China’s not exactly flush with cash to buy debt with at the moment, they’re having their own struggle party at the moment, although they tend to be less vocal about it. After all, their real estate market basically got massively over leveraged and a lot of capital disappeared and turned out wasted.
The Saudi’s too are having a bit of a liquidity problem at the moment, they’ve made a lot of commitments on weird mega projects and spent a lot of money trying to diversify their economy and repair their image, much of it with limited success.