China corporate bond defaults to rise next year but authorities will step in - Moody's

Moody's expects refinancing and default risks to remain high for certain property developers through the first half of 2022 "We expect the number of defaulters and amount of defaulted bonds in 2022 to remain low relative to China's total onshore and offshore bonds. Chinese authorities will encourage debt restructuring or liquidation through the courts for distressed
http://dlvr.it/SCfQN3