AllianceBernstein Sees 'Extreme Stress' in China Property Market

The transcript discusses the financial stress faced by developers and its broader economic implications. It highlights investment opportunities in Chinese property bonds, noting the potential for high returns despite current market volatility. The challenges for bondholders, particularly in terms of recovery rates, are examined. Additionally, the impact of global energy shortages and China's structural economic changes are explored, emphasizing the transition from a debt-driven growth model.

In what ways are power shortages affecting China's economic growth?

What structural changes is China likely to pursue in its economic model?