Property developers’ funding access will remain constrained in 2022. Offshore corporate bond defaults rose 28 per cent in first three quarters of 2021 and corporate bond defaults in China are expected to continue to rise in 2022 according to Moody’s Investors Service. Highly indebted property developers and enterprises owned by regional and local governments struggle to access new funding after a multi-year borrowing spree. Over the next four quarters, about 8.7 trillion yuan of onshore corporate debt is set to … Continue reading “Chinese Property Developers Caught in Negative Credit Loop Says Moody’s”