What factors contribute to the low expectations of creditors regarding repayment?
China Evergrande Declared in Default for First Time
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The video discusses the default events of Evergrande and Kayson, highlighting the impact on offshore bonds and creditors' low expectations. It explores China's approach to restructuring, emphasizing government involvement and the prioritization of stability. The treatment of offshore creditors is analyzed, with a focus on property valuations and the legal implications in China.
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In what ways does the real estate sector impact China's economic output and household wealth?
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