China currently has a debt at 280% of GDP . Borrowing peaked in the last quarter 2020, but is still running at rate of 13%.
Major companies are defaulting on paying their interest and the bond market is really weak.
Even State owned firms defaulted on $11bn in loans 2020 and they are heavily subsidised,
We should limit our exposure and of course when Enzed goes belly up we will be expected to bail them.
