Has Communist China Come Full Circle?
The terrible property crisis notwithstanding, China today is at a pivotal juncture in its development.
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The terrible property crisis notwithstanding, China today is at a pivotal juncture in its development.
Setting up shop in Mexico helps avoid US tariffs, but Chinese companies still must confront major concerns about labour costs, profitability and cultural differences.
The yields on China’s 15- and 20-year government bonds tumbled to the lowest since 2002 this week, while those for 30-year notes are hovering near levels unseen since 2005. Transaction volume for longer-dated securities has surged to a multi-year high.
China’s ultra-long bonds are all the rage on economic gloom
Given China’s concerns about efforts to ‘contain’ it, greater US and South Korean engagement with Beijing about North Korea’s threat could offer a way out.