Here is a more accurate picture ( I think ) from Reuters:
SOURCE: https://www.reuters.com/article/us-china-evergrande-idUSKBN26J082
“China Evergrandes 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 ).
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.