The truth is simple: In China, banks are run by the government, yet there are shit ton of scams that borrows money from the party and never pays it back. In ma

The truth is simple: In China, banks are run by the government, yet there are shit ton of scams that borrows money from the party and never pays it back. In many cases the loan guarantor has no mortgage to payback at all. In this "social credit" system from Supreme Court, 90% of the victims are worthless loan guarantors involved in some kind of loan scam.