Loading ...This chart on the #China 10-year bond #yield is crazy!
That yield has collapsed to just over 1.7%. In late 2020, the yield was double what it is now.
It shows that China’s economic woes are far from over, and the government will do what all aging economies do: Increase government spending, allow bigger #deficits and #debt levels, and push interest rates down toward zero.
There is no way China will be able to ‘organically’ reach its 5% GDP growth target.
