China Orders Audit of $3 Trillion Trust Industry

The video discusses regulatory crackdowns in China, focusing on the trust fund industry's exposure to the property sector and the resulting financial instability. It highlights the National Audit Office's investigation into risky loans and the challenges faced by the domestic semiconductor industry, including anti-graft probes. The video underscores the concerns of Chinese leaders regarding financial stability and the effectiveness of national investments.

What actions are being taken by the National Audit Office in response to the financial risks posed by defaulting loans?

What challenges is the domestic chip industry facing according to the text?