Orient Capital Sees China's Corporate Defaults Increasing

The video discusses the current state of the deleveraging campaign, highlighting differing opinions on its progress. It addresses the concerns of banks and the lack of clear regulatory targets from the CBRC. The discussion shifts to the rise in corporate defaults and mergers as a strategy to manage debt, emphasizing the role of the government and party representatives in these processes.

What is the relationship between mergers and acquisitions and corporate debt as discussed in the text?

What actions does the government take regarding corporate defaults according to the speaker?