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China’s Markets Already Pricing In More Central Bank Easing

  • Yield on benchmark sovereign bonds hits the lowest since 2002
  • Traders expect markets will get bigger policy boost, ANZ says
A motorcyclist rides past the People's Bank of China building in Beijing.
A motorcyclist rides past the People's Bank of China building in Beijing.Photographer: Qilai Shen/Bloomberg
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Investors across China’s financial markets are betting the central bank will need to keep ramping up monetary stimulus, ignoring economists who are virtually certain that won’t happen any time soon.