China’s $17 Billion Default Wave Is About to Break a Record

The video discusses the rise of defaults in China, particularly in Shandong, and compares onshore and offshore defaults. It highlights the potential impact of a state-owned company defaulting in the dollar bond market, with a focus on T Wu from Tianjin. The discussion also covers the economic outlook for the next year, considering factors like yuan weakness and Beijing's approach to strategic failures in the credit market.

What potential impact could a default from T Wu have on the market?

In what ways might further yuan weakness affect the credit market?