Zhu Kuan debacle heats up

Foreign bankers determined not to give up on the defaulting Zhuhai city government.

Oscar Wilde once said that losing one parent was a tragedy, while losing two was careless. Initially, observers can't help but share similar feelings over the latest debacle involving a raft of foreign banks lending to the mainland, in this case, just under $1 billion in loans to the window company of the Zhuhai city government, Zhu Kuan.

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