Gary Lau of the Corporate Finance team and Michael Taylor of the Credit Strategy and Research team discuss China Evergrande’s financial troubles and the credit implications for China’s property market, banks, government and potential spillovers to the global economy.
Inside this episode:
Credit Conditions – China: Government actions on Evergrande likely to avoid financial, social instability but not preclude economic costs
Macroeconomics – Global Investors face recurring market volatility and uncertainty in coming quarters
Regional & Local Governments - China: Evergrande's credit distress and property sector slowdown will hurt RLG revenue, fiscal strength