Indebted Chinese Developer Evergrande Avoids Default on Onshore Bond

The video discusses the ongoing financial issues with Evergrande, highlighting the inevitable restructuring and potential losses for bondholders. It also covers the market's shift in focus to other property firms like Country Garden, which are experiencing financial difficulties. The video further explores the role of local government financing vehicles in the property sector and the potential impact of reduced lending on the broader market.

What potential consequences could arise from limiting loans to local government financing vehicles?

In what ways do local governments rely on land sales for financing?