Teresa Kong, portfolio manager at Matthews Asia, discusses the prospects for China's real estate sector. Creditors of property developer Kaisa Group Holdings Ltd. have yet to receive payment on a $400 million dollar bond that was due to mature Tuesday, while China Evergrande Group looks poised to begin a process of overhauling its balance sheet without a government bailout. Kong also discusses China's monetary policy and the outlook for the local currency on "Bloomberg Daybreak: Australia."
