More Pain Ahead for Chinese Bond Market

More Pain Ahead for Chinese Bond Market
People wearing face masks walk across a bridge in the financial district of Lujiazui in Shanghai on March 4, 2020. Hector Retamal/AFP via Getty Images
Fan Yu
Updated:
News Analysis
This isn’t as much hyperbole as it sounds: the main reason investors bought bonds issued by Chinese state-backed companies is an implicit guarantee from default by the local or provincial government.
Fan Yu
Fan Yu
Author
Fan Yu is an expert in finance and economics and has contributed analyses on China's economy since 2015.
Related Topics