What are the different types of risks mentioned in the text?
China Property Bonds 'Attractive' in Offshore Market: AllianceBernstein

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2.
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How does the default rate in China compare to historical rates?
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3.
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What factors contribute to the low default rate in the Chinese credit market?
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4.
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What role does infrastructure spending play in supporting the economy according to the text?
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5.
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What is the outlook for the Chinese property bond market as discussed in the text?
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