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the default values on subentity will be created and set only if one row is created into the table.
I can see that you have created a new field into the text subentity.
Please, try to insert a new value on short description or long description and check if the default value is valorized.
Another hint: try to create a new feed on article level (not subentity) e try to set and check the default value.
Yes, it worked after inserting a new value in the text field from the same tab.