Economics
China Is Missing Out on Huge Bond Rally Taking Off Globally
- Chinese sovereign bonds have worst returns among major markets
- Trade war and bank seizure among factors that weigh on yield
The Oriental Pearl Tower stands illuminated at night in the Lujiazui district of Shanghai.
Photographer: Qilai Shen/Bloomberg
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China is the one place with a dovish central bank that’s yet to see a spectacular rally in government debt.