Rhodium Group's Wright on Evergrande

The transcript discusses the financial troubles of Evergrande and their impact on the Chinese economy. It highlights the delayed response from Beijing, leading to market contagion, particularly in the offshore bond market. The discussion also covers the financial strain on local governments and the potential for defaults, which could exacerbate economic downturns. Additionally, the transcript explores how these issues align with President Xi Jinping's common prosperity drive and the broader political effort to reshape China's growth model.

What are the potential long-term impacts on the Chinese economy due to the Evergrande crisis?

How might Beijing's delayed response to Evergrande's financial issues affect the market?

What role do local governments play in addressing the issues arising from the Evergrande crisis?

What are the implications of a potential local government financing vehicle default?

In what ways does the crisis at Evergrande relate to President Xi Jinping's common prosperity drive?

How have recent crackdowns on various sectors affected investor confidence in the property market?

What challenges does the property sector face in terms of supply and demand?