Taking Another Look at the Chinese Real Estate Market

https://youtu.be/b_CKRZipva0 (come learn with me) points form the
article: -Taking Another Look at the Chinese Real Estate Market
-US$60 trillion China real estate market—which is likely the
largest asset class in the world -As such, these regulations have
caused Chinese junk-rated property developer bonds to underperform
this year—and in the case of Evergrande, -yields on Chinese
junk-rated bonds nearly touched 25% before falling recently -the
real estate sector makes up 66% of the high yield index.
Additionally, of the $142 billion of U.S. dollar-denominated bonds
trading at distressed prices (generally defined as debt with yields
over 10%), 48% were issued by Chinese real estate companies
-However, that the China investment-grade corporate index hasn’t
responded in-kind provides us comfort that the spillover effects
are, at this time, limited -That Fantasia decided not to pay its
obligations caused investors to question the commitment of the
property developer market broadly in servicing its financial
obligations -there won’t be a bailout per se but we do expect the
PBOC to ring-fence the risks and prevent them from spilling over
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