Foreign interests in China’s mainland bond market has surged. But market lacks a deep liquid benchmark yield curve, limited repo and derivative options, and uncertain long-term default rate. Nevertheless investors are piling in.
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RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow
May 18, 2023
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow the money,…