On October 27, IPSI/GCH nonresident senior fellow Dexter Tiff Roberts was quoted in a BBC article, where he commented on the failing Chinese property giant Evergrande, which is more than $325 billion in debt. Roberts described the nature of the state-run Chinese banking and its role in keeping the company from collapsing entirely. If the government were to allow Evergrande to collapse, he explained, “Beijing would then have to clean up the mess, which would be a huge political headache.”
