China goes to new extremes in crackdown on bond-market frenzy

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The story "China goes to new extremes in crackdown on bond-market frenzy" was covered 15 hours ago by Business Mirror, a news publisher based in Philippines.

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China goes to new extremes in crackdown on bond-market frenzy - Business Mirror

Quick Summary:

China’s government bonds have surged this year on the back of the gloomy economic outlook and expectations for interest-rate cuts.

The saga underscores the dilemma Beijing is in: while it has to support the sluggish economy by keeping borrowing costs low, it’s trying to make sure money isn’t so cheap that a bond bubble is formed jeopardizing financial stability.

Chinese authorities are going to extraordinary lengths to tighten their grip on the world’s third-largest government bond market.