Stephen Roach de Yale dice que China tiene un problema de deuda

The video discusses the inefficiency of rating agencies as lagging indicators in identifying debt problems, particularly focusing on China's debt situation. China has been addressing its debt issues through various measures, including setting up a financial stability committee and making regulatory changes. The discussion also touches on how market reactions, influenced by algorithms, can be unpredictable. Despite the debt concerns, China has a significant reservoir of savings, meaning it largely owes its debt to itself.

What is the significance of the financial stability committee set up by China?

What does the speaker imply about the market's reaction to China's debt situation?