David Goldman: China Debt Faces 'Nasty Reorganization'

The video discusses China's debt situation, highlighting the imbalance between corporate and consumer debt. It outlines China's strategy to shift from a corporate-driven economy to one focused on consumption, involving debt reorganization and the development of new economic sectors. The role of local government debt and the creation of a municipal bond market are explored, along with the real estate market's status. The IMF's concerns about economic overheating and potential risks are also addressed.

What are the implications of creating a municipal bond market in China?

How does the IMF view the risks associated with China's corporate sector?