All eyes are now on Evergrande, the heavily-indebted Chinese real estate behemoth whose pending collapse threatens to derail global growth and drag down asset prices. For a deep-dive of the potential knock-on effects of Evergrande's looming default, Real Vision welcomes back Anne Stevenson-Yang, co-founder and director of research at J Capital Research and a true China insider. Stevenson-Yang explains key drivers in expanding the real estate bubble such as China’s closed capital account, dubious "peer-to-peer" lending schemes, and political corruption. She explores areas in financial markets that are vulnerable to Evergrande’s collapse, such as other Chinese real estate firms and banks, Chinese high-yield credit, and commodities. Interviewed by Real Vision's Jack Farley.