$300 Billion Default Pushes Chinese Real Estate Market to the Brink
Real Vision: Finance & Investing
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What Is the Chinese Credit Impulse?
Darris: I want to ask you about that darius. But before we do, let's put this a up. You alluded to the default on evergram, which is expected to happen next monday. And as such, the de c eo of evergrand can pay out essentially who he wants, regardless of where they fall in the capital stack. There are other chinese real estate giants on fantasia, which s secured a bond denominateing dollars, now trading at forty eight cents on the dollar. The united states, a high yield debt debt there is now yielding a meagre three point seven five %,. So it really is a quite as stark scenario
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