Chinese leader Xi Jinping is vying with little success to turn stock bears into bulls. But over in the bond market, China faces the opposite problem with irrational exuberance pushing long-term yields too low. That has authorities scrambling to tighten their grip on the globe’s third-biggest government debt market. On Monday, prices tumbled as the
China’s central bank has taken a more vocal stance towards secondary market bond trading, suggesting tough action – punishment of rule violators or direct intervention – could be in the works as it attempts to fend off a domestic bond frenzy and optimise its yield curve, analysts said. The People’s Bank of China said it
Property investment fell by 10.1 per cent, year on year, in the first five months of 2024, worsening from a 9.8 per cent drop from January through April and a 9.5 per cent drop in the first quarter. We must acknowledge that it will take some time for the effects of policy measures to be