The great wall of liabilities: the future of debt in China (August 4, 2025)

The team’s series on sovereign debt sustainability continues,
this week with a focus on China. Julia Hermann hosts Valentina
Chen, Head and Portfolio Manager of the Emerging Market Debt team
at MacKay Shields, to discuss how China’s systemic over-leverage
influences everything from the country’s economic business model,
to the nature and scope of investment opportunities in Chinese
credit.