AAPL has more $ and better credit than most countries
XIN, like most public companies, has "junk" status
However, with a B+ rating from 2 major agencies, you would be a fool to assert that this is a complete Chinese fraud. The only risks that a buyer of the common stock faces is normal business risk associated with a builder.
Short it - make that whopping $4.54 - just don't get run over...
You aren't trying to compare Apple's reason for taking a bond with Xin. That really is like comparing an Apple with a raisin. Apple has something like 145B in cash, just most is offshore to avoid the US
tax bite of about 35%, so they are saving themselves money. Is Xin?