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“Mostly, Chinese entrepreneurs are ignoring foreign real estate creditors, and they don’t seem afraid that [foreign investors] can use litigation or bankruptcy. I have to remind offshore investors that the Chinese did not build the Great Wall 2,500 years ago as a theme park. It was built to keep the barbarians at bay – and it worked for a long time”
Jack Rodman, a partner at distressed debt specialist King & Wood, on the problems looming for foreign investors in China