@f1cf1cd7 This article is just bananas.The People’s Republic of China was eventually recognized internationally as the successor government of China. Under well-established international law, the “successor government” doctrine holds that the current government of China, led by the Chinese Communist Party, is responsible for repayment of the defaulted bonds.Disregard that the Republic of China (Taiwan) still technically exists and continues to be recognized and legitimized by the United States (to who Taiwan owes this money to)---this journalist has their understanding of "successor government" all wrong. And, even if he/she wasn't wrong, it would be irrelevant, because the indebted entity in question still exists, and therefore there has been no process of succession. ---It wouldn't even be "succession" anyway, as they are/were two distinct geopolitical entities who were/are (to some degree) at war with one another, maintain their own distinct political and legal identities, maintain their own distinct economies, currencies, and trade, and foster their own independent geopolitical relations.

Furthermore, from everything I can find, the legislation concerning debts of this nature weren't even written at the time of the Chinese Civil War or the result of the contemporary status quo. And, who constitutes "international law"? I highly doubt the PRC, for example, would sign off on legislation that would hold them liable/responsible for debts they don't own on loans they never made.