Local Bonds Beat Corporates Amid Lending Reprieve

Local Bonds Beat Corporates Amid Lending Reprieve

Kevin Lee/Bloomberg

A woman passes in front of a poster featuring Communist Party leaders of China including Mao Zedong, Deng Xiaoping, Jiang Zemin and Hu Jintao in Shanghai, China. China has loosened lending curbs to small companies as Europe’s sovereign debt crisis and a slowdown in the U.S. cut demand for the nation’s exports.