The Chinese government, the latter, has always been totalitarian. The truth was showing signs of maturity and partial support for market rules. But totalitarianism does not tolerate freedom, which began to break through in everything and everywhere. Therefore, the most anticipated turn of events is "tightening the screws", a decrease in freedoms, an increase in totalitarian methods in management. Well, as a result - the curtailment of the economic "miracle"
Honestly, in this case, I don't look at any relation between totalitarianism and the Evergrande problem. When this problem didn't handle by the government then this will cause the biggest multiplier effect for their country especially in the economic sector. If I compare, the scale of Evergrande's debt with my country's debt, the result is Evergrande's debt is bigger. So I conclude that this is not a simple problem that can be handle by Evergrande. When they default, this means they are in the trouble and have been the national issue. There are many banks affected by this case, but there is my curiosity which hasn't answer yet, Why did the government never warn the Evergrande about their debt? as we know their government is too authoritarian, so why this case never be touched by them?