China Credit Tracker
Monthly data shines new light on stress in the riskiest corners of the country’s credit markets
China’s credit market stands out even in a world increasingly awash in debt. It’s grown exponentially in recent decades, fueling one of the fastest economic expansions in history. The risks have multiplied too, as more borrowers stumble with ever more global lenders exposed.
Bloomberg’s China Credit Tracker uses proprietary and public sources to shed new light on stress in the riskiest corners of the country’s credit markets. It synthesizes monthly data to show how strains rise and fall over time.
After years of debt-fueled spending, Chinese companies are under increasing pressure as authorities seek to clamp down on moral hazard and financial risks sending defaults to record highs. A crackdown on the indebted real estate sector has blown up one of the world’s more profitable corporate debt trades, indelibly changing the investing landscape of the nation’s speculative-grade debt.
Read our published stories based on the China Credit Tracker:
China Credit Calm Will Be Tested by Maturities, Property Crisis (Jan. 16)
China’s Surviving Borrowers Enjoy Lowest Stress Since Crisis (Dec. 19)
China Credit Market Calm Belies Risks From Property Debt Crisis (Nov. 15)
China’s Credit Market Stress Eases After Onshore Defaults Drop (Oct. 12)
China Developer Distress Builds, Clouding Junk Bond Rebound (Sept. 14)
Worst Defaults in Months Fuel Stress in China’s Credit Market (Aug. 17)
Stress Is Building in China’s $12 Trillion Onshore Credit Market (Jul. 11)
China Stimulus Talks Fuel Rebound in $311 Billion High-Yield Dollar Bond Market (Jun. 16)
Chinese Junk Bonds Are Sliding in The Longest Streak Since July (May 12)
China Property Firms' Turnaround Plans Disappoint, Adding Stress to a $730 Billion Market (Apr. 14)
China’s $740 Billion Offshore Credit Market Rally Stalls Just as Restructuring Heats Up (Mar. 15)
A Record Rally in Chinese Dollar Bonds Falters With Warning Signals Ahead (Feb. 15)
China’s Policy Steps Drag Dollar Bond Stress to Least Since 2021 (Jan. 12)
China Dollar Bonds Show Least Stress Since Evergrande Meltdown (Dec. 14)
‘Value Annihilation’ Haunts Investors in China Property Bonds (Nov. 11)
China’s Dollar Debt Gets Riskier Than Ever While Yuan Bonds Calm (Oct. 14)
China’s State Support Is Helping to Ease Credit Market Stress (Sept. 16)
China Credit Market Offers Cheapest Money Ever If You Can Get It (Aug. 16)
China’s Credit Market Is Moving Into Fresh Phase of Distress (Jul. 14)
China’s $12 Trillion Onshore Credit Market Brushes Off Defaults (Jun. 7)
Yields Top 22% as Covid-Zero Policy Stings China Dollar Bonds (May 12)
China’s Credit Market Reaches Inflection Point as Stress Builds (Apr. 13)
China Credit Contagion Turns Strong Developers Into Risky Bets (Mar. 8)
China Credit Investors Brace for More Surprises From Hidden Debt (Feb. 10)