China’s financial system is under brutal pressure
“S hort essays” appear to be causing big problems in China’s bond market. Over the past year the term has been used to refer to rumours swirling around financial hubs, which often originate with brief posts on social media that attempt to explain the inner workings of the system. One such rumour claims that the central bank is hunting down speculators who have made “illegal transactions” on the bond market. Another implies the China Financial Futures Exchange, where bond futures are bought and sold, has ratcheted up fees in order to discourage trading.
How many will end up in Boaz Weinstein’s sights?
Its central bankers are increasingly hopeful
The masters of the universe have escaped an anti-globalist revolt
An enormous prize is on offer. When might it be grasped?
But it may be a while before he unleashes a universal levy
For one thing, 2024 saw the second-weakest rise in nominal GDP since the 1970s
https://www.economist.com/finance-and-economics/2025/01/23/chinas-financial-system-is-under-brutal-pressureA source: www.economist.com/finance-and-economics/2025/01/23/chinas-financial-system-is-under-brutal-pressure
Comments (0)