RE: Fourth paragraph down...where it says..
A second study, conducted... Click on the STUDY link and convert that site to English. Please double check me.
That website has only a few paragraphs and does not mention the total debt of these real estate companies. It only mentions 307 domestic and overseas bond financings, with a financing scale of approximately 324.7 billion yuan, an increase of 14% year-on-year.
https://archive.is/Foxak#selection-1395.0-1412.0
Sorry...I led you to the wrong link.
ARTICLE TITLE
Shocked: Who is the first to detonate the 76 real estate companies who have to pay 2.5 trillion debts within a year?
It is hard to get reliable numbers out of China, because fraud has become such a dominant norm in business and government there.
Yet it is clear by many measures, that they have gone on a truly historic debt binge. A lot of it is pure Ponzi Scheme fraud, and a lot of actual business is far too over leveraged to sustain through a recession. A few months back (before COVID) McKinsey warned that the majority of industrial companies in China were at a very high risk of not being able to meet even the interest payments on their debt, much less pay down the principal.
By far, this has been the greatest debt binge in history.