Big china pivot

So along with the growing belt and road china is for the first time (on april fools day) opening up its onshore bond market to foreign capital -- 100 Billion of bonds in fact..

This is the biggest pivot since it became a IMF reserve currency after the USD and EURO. In 2016.

Now the weird thing is China has like over 1 trillion in reserve assets, cash/gold etc... so why start taking in foreign bond funds??

Their bond market is about 13 Trillion meanwhile 100 Billion is expected to be raised from non Chinese fund managers.

https://www.reuters.com/article/us-c...-idUSKCN1RA0MU

Let's block ads! (Why?)

Big china pivot