Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: dp0622

Here is a more accurate picture ( I think ) from Reuters:

SOURCE: https://www.reuters.com/article/us-china-evergrande-idUSKBN26J082

“China Evergrande’s borrowings totalled 835.5 billion yuan at June-end, of which onshore trust loans and bank lending made up 41% and 29% respectively.”

835 Billion Yuan amounts to only $120 Billion ( OK, still a large sum, but not unmanageable from a Chinese government rescue point of view ).


23 posted on 09/28/2020 9:53:54 PM PDT by SeekAndFind
[ Post Reply | Private Reply | To 12 | View Replies ]


To: SeekAndFind

In my travels, I saw that China’s corporate, personal and government debt is 300 percent of GDP.

I’m wondering what ours is.

Lots of countries in a lot of debt. wow.


25 posted on 09/28/2020 9:56:30 PM PDT by dp0622 (I DON'T KNOW WHAT TO DO ABO UT THE COVID GODFATHER, I DON'T KNOW WHAT TO DO. YOU CAN ACT LIKE A MAN!)
[ Post Reply | Private Reply | To 23 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson