Positive On China's High Yield Property Sector In 2021, BlackRock's Seth Says

The transcript discusses China's economic recovery post-pandemic, highlighting its neutral policy stance and attractive onshore assets. It addresses default risks, particularly in state-linked companies, and the property sector's slowdown. The outlook for Asian credit markets is positive, with a focus on high yield and private credit. The impact of defaults and a weakening dollar on Asian markets is analyzed, noting the dollar's tailwind effect. Caution is advised for the technology sector due to regulatory concerns and valuation issues.

What is the speaker's view on the overall credit backdrop in Asia for 2021?

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What is the expected default rate in Asia for the year mentioned, and what factors contribute to this expectation?

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How does the weakening dollar impact companies with dollar-denominated debt in Asia?

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