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A comment on Evergrande shares plunge as much as 87% as trading resumes after 17 months. Parent comment

Re:Evergrande shares plunge as much as 87% as trading resume... by Jka9rhnDJos on Monday August 28, 2023 @11:20AM (#37295535)
The total of Chinese Corporate debt was $29 trillion in one quarter at the end of 2021[1]. More than the U.S. Government debt.

Who’s on the other side of those mortgages? The Chinese government.

[1]: https://www.spglobal.com/marketintelligence/en/news-insights...

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