Who said China’s financial markets were in turmoil? Since January last year, the yield on the country’s benchmark 10-year government bond – which moves inversely to prices – has fallen …
This partly explains why the government has stepped up support for the crisis-ridden housing market. Beijing has intensified pressure on banks to assist vulnerable developers, cut mortgage rates to stimulate …
What a difference a year makes. At the end of 2022, all eyes were on China as the abrupt end of the government’s zero-Covid policy fuelled hopes of a sharp …