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China Bond Defaults Already Double 2021 Total – SCMP

The tally for 2022 bond defaults in China has passed $20 billion, largely because of the debt crisis in the property market. Defaults totaled $9 billion last year.

Bond defaults in China have passed $20 billion this year, more than double 2021.
Last year, China's troubled property market saw the worst decline in new home prices in nearly nine years. Photo: Reuters.


China’s bond defaults for this year are already double the $9 billion total from 2021, according to a report by the South China Morning Post, which cited Angus To, the deputy head of research at ICBC International.

The tally for 2022 bond defaults has passed $20 billion, largely because of the debt crisis in the $2.7 trillion property market, the report said. Most of the defaults were by property developers, the story added.

Read the full report: South China Morning Post.





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Jim Pollard

Jim Pollard is an Australian journalist based in Thailand since 1999. He worked for News Ltd papers in Sydney, Perth, London and Melbourne before travelling through SE Asia in the late 90s. He was a senior editor at The Nation for 17+ years.


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