CreditSights' Zeng on China Property Markets

The video discusses the current state of the Chinese bond market, highlighting the impact of reopening hopes and property easing measures on risk sentiment. It also examines global bond market concerns, particularly in Korea and China, where firms are pulling back from issuing corporate bonds. The fiscal impact of COVID-0 is explored, noting the strain on local government debt and infrastructure stimulus. The risks of zombie companies and pressures on the banking sector are discussed, along with the potential recovery of the Chinese property market post-COVID, focusing on structural issues and tier city dynamics.

What challenges does the Chinese growth model face in the future?

In what ways might the property market recovery be impacted post-COVID?