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Podcast: Market Matters from New York Life Investment Management
Episode: The great wall of liabilities: the future of debt in China (August 4, 2025)
Description: 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. Â