Why China’s pandemic-induced rally is on solid ground, even as the US and EU flounder

//Why China’s pandemic-induced rally is on solid ground, even as the US and EU flounder

Why China’s pandemic-induced rally is on solid ground, even as the US and EU flounder

Japanese pension funds have historically been regarded as the world’s most conservative investors. Yet, they were the driving force behind the record amount of Chinese government bonds bought by Japanese investors in the first 10 months of this year: US$5 billion, a 15 per cent rise compared with the same period in 2019, which itself was a bumper year, data from JPMorgan shows.The increased appetite for Chinese debt on the part of traditionally risk-averse buyers is one of the most conspicuous…

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By | 2020-12-17T19:30:15+00:00 December 17th, 2020|Business|Comments Off on Why China’s pandemic-induced rally is on solid ground, even as the US and EU flounder