Evergrande Investors Still Waiting for Next Bond Payment

The transcript discusses Evergrande's financial troubles, including a $1.5 billion stake sale to a local government to stabilize a distressed bank. The Chinese government is intervening to ensure financial stability, prioritizing property development over bondholder payments. Despite market concerns, there is no official panic, and the government has not made clear statements. Investors believe China may accept slower growth due to self-imposed restrictions on the property sector. The economic impact is compounded by crackdowns on technology and education sectors, and high energy prices affecting industrial regions.

What are the implications of the real estate sector on China's GDP as mentioned in the text?

How has the Chinese Communist Party's approach to growth changed according to the text?