CLEAN : Chinese authorities likely to perform 'quiet rescue' of Evergrande: analyst

The transcript discusses the potential default of bonds and its social implications, highlighting the Chinese government's reluctance to intervene directly to avoid moral hazard. It compares the situation to the Lippman product crisis, noting differences in securitization. The discussion includes the impact of overleveraging by developers like Country Garden and Vancouver, contributing to economic slowdown. The potential for a localized crisis is considered if the government allows market forces to dictate outcomes without intervention.

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