Chinese Developer Sunac Misses First Bond Payment Deadline

The video discusses the ongoing credit stress in China, highlighting the challenges faced by developers due to significant debt obligations and defaults. It examines the current market conditions, noting the inflection point in the Chinese credit market and the rising yields. The video also explores the future outlook, focusing on the role of smaller firms and the lack of concrete policy actions to support the market. Additionally, it addresses the impact of lockdowns in China, particularly in Shanghai, on market operations and the broader economic landscape.

What measures have been taken by authorities to address credit stress in China?

In what ways have the lockdowns in China impacted the credit market?