After debt-crippled Chinese property giant Evergande defaults for the first time, Mark Williams, Chief Asia Economist at Capital Economics tells AFP during an interview that the default was "a long way coming" and that for policy makers in Beijing, bondholders and banks will likely be lower on the priority list than homebuyers. "They don't want there to be a horde of really angry investors that have seen their savings kind of vanish overnight," Williams says. SOUNDBITES