How China's Property Crisis Is Testing Its Too-Big-to-Fail BanksBanks hold enormous amounts of real estate debt, and regulators are nervous. But a fast-moving crisis is unlikely because the government has extensive control of the system.
Source: How China's Property Crisis Is Testing Its Too-Big-to-Fail Banks (https://www.nytimes.com/2023/09/30/business/china-evergrande-banks-property.html)