The Chinese banking system has not written down Evergrande's 260 billion dollar loan exposure because doing so would require public acknowledgment of losses; instead, the system is rolling the debt while Evergrande limps along as a zombie company with government implicit backing for ongoing operations.
factualpending
Speaker
Brian McCarthyEvidence Quote
“the Chinese banking system hasn't said oh we lent evergr $260 billion we're going to write that down... despite the fact that we say everon is bankrupt and the Hong Kong Court I declared it so... it's like not going to happen um so they limp along they'll be zombies”
Created: 8/10/2026, 11:05:04 PM
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