As China's Bond Market Opens, Global Funds See Watershed Moment
- Liberalization set to significantly alter global money flows
- Inflows will reach $3 trillion by 2025, Citi estimates
Inside a Watershed Moment for China's Bonds
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Deng Xiaoping, the former Communist leader credited with opening China’s economy to the world, described his approach to reforms as “crossing the river by feeling the stones.”
That philosophy continues to influence policy makers in Beijing as they gradually open the nation’s bond market to foreign investors. The liberalization has potential to be the biggest of its kind and significantly impact the flow of international capital.