The financial position of state-owned enterprises and governments in China remain sustainable but credit risk in some sectors and individual enterprises has heightened.
Ongoing urbanisation efforts and increased infrastructure spending will continue to underscore solid demand for commodities. However, it will take one or two more years for China's property sector to de-stock, limiting the demand for real estate construction.
Raymond Yeung is a senior economist at ANZ. This story is an edited version of a webinar presented by Yeung for ANZ. You can see the webinar for free here.