China Defaults Threaten Eerily Calm $12 Trillion Bond Market

The video discusses the launch of a project aimed at analyzing China's corporate bond market amidst Beijing's efforts to manage financial risks. It highlights the shift away from the 'too big to fail' strategy, the rise in defaults, and the use of various metrics to assess market stress and resilience. The discussion also covers Beijing's broader strategy to curb moral hazard and introduce market discipline.

What does the extraordinary growth of China's credit market imply for investors?

What changes are being introduced to curb moral hazard in the credit market?