Li Chao: Suggestions for Resolving Local Debt and Real Estate Link Debt

Recently, Li Chao, Chief Economist of Zheshang Securities, and Chen Hongbin, Chief Economist of Pengyang Fund, were guests on the "Observer Talk" program. This episode discussed the economic data for the third quarter. When it comes to resolving local debt and real estate link debt, Li Chao believes that the huge stock of debt needs to be exchanged for space over time, and may require a very long period of time to effectively resolve. The real estate market itself carries risks, and the regulatory authorities will take measures to ensure that these entities do not experience explosive changes at the same time. If it's just individual thunderstorms, the financial market is basically acceptable.