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Moody's Talks - Emerging Markets Decoded

Episode 9
October 13, 2021

China Evergrande’s financial stress raises challenges for China’s property market and economy

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:

  • Gary Lau on the impact of the Evergrande situation on the broader property market in China (begins at 3:42)
  • Michael Taylor discusses whether there could be a risk of deterioration of sovereign credit quality (begins at 7:17)

Related content:

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

Property – China: China Property Focus: Refinancing risk builds up as tight credit conditions continue