To Problems With China’s Financial System, Add the Bond Market (Published 2016)
A brokerage house in Shanghai in November. China’s stock market crashed last year, and its $9 trillion bond market is showing signs of distress.Credit...Aly Song/Reuters SHANGHAI — Chinese officials cheered on the country’s stock market when it reached heady new highs, offering hope that it could become a new source of money to fix China’s economic problems. Then, last year, the market crashed. No
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