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China Update: Key Developments in the Economy and Geopolitics

Happy Monday to everyone tuning in for another episode of China Update. Today, I’ll be providing you with the latest political, economic, and geostrategic insights related to China's prominent position as the world’s second-largest economy. Let’s delve into the developments shaping the landscape in and around China.

Unprecedented Defaults: A Property Crisis

One of the most alarming updates from China’s financial sector is the dismal recovery rate for international investors involved in the country’s troubled real estate market. Since the onset of the property crisis in 2021, international bondholders have only managed to recover less than 1% of nearly $150 billion in bonds defaulted by Chinese property developers.