China’s $17 Billion Default Wave Is About to Break a Record

The video discusses the rise of defaults in China, particularly in Shandong, and compares onshore and offshore defaults. It highlights the potential impact of a state-owned company defaulting in the dollar bond market, with a focus on T Wu from Tianjin. The discussion also covers the economic outlook for the next year, considering factors like yuan weakness and Beijing's approach to strategic failures in the credit market.

What region in China experienced the highest amount of onshore defaults in the first half of the year?

• Shandong

• Guangdong

• Beijing

• Shanghai

How many defaulted bonds were reported offshore this year?

• 12

• 8

• 15

• 5

Which state-owned company is mentioned as potentially defaulting in the dollar bond market?

• T Wu

• C Wu

• B Wu

• D Wu

What is a potential consequence of severe yuan weakness?

• Increased exports

• Decreased foreign investment

• Reduced inflation

• Increased pressure on offshore markets

What is Beijing's potential role in the credit market as discussed in the video?

• Reducing foreign debt

• Allowing strategic or selective failures

• Increasing interest rates

• Boosting consumer spending