An Evergrande housing complex in Beijing. The company, China’s biggest developer, has bought itself more time by making last minute payments after a series of asset sales. Photo: AFP
An Evergrande housing complex in Beijing. The company, China’s biggest developer, has bought itself more time by making last minute payments after a series of asset sales. Photo: AFP

Chinese corporate bond defaults likely to continue to increase in 2022, Moody’s says

  • Offshore corporate bond defaults rose 28 per cent in first three quarters of 2021
  • Property developers, such as China Evergrande Group and Kaisa Group, have faced liquidity crunches in recent months

An Evergrande housing complex in Beijing. The company, China’s biggest developer, has bought itself more time by making last minute payments after a series of asset sales. Photo: AFP
An Evergrande housing complex in Beijing. The company, China’s biggest developer, has bought itself more time by making last minute payments after a series of asset sales. Photo: AFP
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