People walk past an advertising poster in Beijing on April 16. China’s core inflation, excluding food and energy prices, remains low, suggesting there is little visible inflation risk in the Chinese economy. Photo: AFP People walk past an advertising poster in Beijing on April 16. China’s core inflation, excluding food and energy prices, remains low, suggesting there is little visible inflation risk in the Chinese economy. Photo: AFP
People walk past an advertising poster in Beijing on April 16. China’s core inflation, excluding food and energy prices, remains low, suggesting there is little visible inflation risk in the Chinese economy. Photo: AFP
Hao Zhou
Opinion

Opinion

The View by Hao Zhou

Don’t look to US Treasuries’ rally to understand the ‘sticky’ yields in Chinese government bond market

  • Rather than US Fed moves, it’s the uncertainties on China’s economic, policy and inflation fronts that explain the lack of direction in the Chinese government bond market
  • Amid slowing growth momentum, there is room for Chinese bond yields to trend lower

People walk past an advertising poster in Beijing on April 16. China’s core inflation, excluding food and energy prices, remains low, suggesting there is little visible inflation risk in the Chinese economy. Photo: AFP People walk past an advertising poster in Beijing on April 16. China’s core inflation, excluding food and energy prices, remains low, suggesting there is little visible inflation risk in the Chinese economy. Photo: AFP
People walk past an advertising poster in Beijing on April 16. China’s core inflation, excluding food and energy prices, remains low, suggesting there is little visible inflation risk in the Chinese economy. Photo: AFP
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Hao Zhou

Hao Zhou

Hao Zhou currently serves as a senior economist (emerging markets) with Commerzbank. He covers North Asia economic and markets research.