20 min listen
China’s Debt Powder Keg; Canada Faces Mortgage Test
China’s Debt Powder Keg; Canada Faces Mortgage Test
ratings:
Length:
29 minutes
Released:
Jul 20, 2023
Format:
Podcast episode
Description
China’s local governments are struggling to repay trillions of dollars in infrastructure debt, just as more property developers tip into distress, according to Bloomberg News’ Wei Zhou. A Chinese municipal default would send shock waves through global markets, but Beijing is at pains to avoid the moral hazard of a bailout. In this episode of the Credit Edge Podcast, Bloomberg News senior editor James Crombie also asks Bloomberg Intelligence analyst Himanshu Bakshi about the risk to Canadian banks of a spike in mortgage defaults. The main financial institutions can withstand significant real estate stress, though their bonds may come under pressure.See omnystudio.com/listener for privacy information.
Released:
Jul 20, 2023
Format:
Podcast episode
Titles in the series (69)
High-Yield Boom; Communications Focus: Credit Edge by The Credit Edge by Bloomberg Intelligence