China’s Ebay Offers Customers Cheap Groceries And Defaulted Loans On Bankrupt Companies

At China’s largest online retailer, TaoBao, customers can now buy literally everything from discounted groceries, apparel and pet food to defaulted loans on their favorite bankrupt steel company or that awesome condo complex in that unoccupied ‘Ghost City’ they’ve always adored.
As an example, you could purchase this lovely snack(?)….

…or this portfolio of 118 non-performing loans from some companies in Yunnan province….

This post was published at Zero Hedge on Jul 11, 2017.