Capital markets around the world had to get up to speed quickly last week with Evergrande, the huge Chinese property developer teetering on the brink of default on $20bn of dollar bonds and some $280bn of other liabilities including renminbi bonds. In this week’s GlobalCapital podcast, GC Asia editor Rashmi Kumar and Latin American bonds reporter Olly West explore the possible outcomes, including a shock to China’s ultra-important property sector, to confidence in the Chinese financial system, and possibly to appetite for emerging market debt around the world.
