CLEAN : Analyst: China's debt-crippled Evergrande default 'a long time coming'

The video discusses Evergrande's default, highlighting its significant liabilities and assets. It explores the restructuring process led by the government, prioritizing home buyers and contractors over financial institutions and foreign bondholders. The resolution is expected to take years, similar to past cases like Anbang. The video also notes policy responses, including monetary and fiscal measures, to stabilize growth and reassure investors.

What challenges do you think the foreign bondholders will face in this situation?

How might the actions of the People's Bank of China affect the situation with Evergrande?