Britain’s prime minister Liz Truss answers questions at the House of Commons in London on October 19. Photo: UK Parliament/ AP
Britain’s prime minister Liz Truss answers questions at the House of Commons in London on October 19. Photo: UK Parliament/ AP
Nicholas Spiro
Opinion

Opinion

Macroscope by Nicholas Spiro

Bond vigilantes can intimidate the UK, but China is harder to bully

  • The economic fallout from the pandemic has given bond vigilantes a new lease on life, evident in the response to the turmoil in Britain
  • These bond investors have less sway in China, but its ‘zero-Covid’ policy and lockdowns still weigh on sentiment and hopes of a stock rally

Britain’s prime minister Liz Truss answers questions at the House of Commons in London on October 19. Photo: UK Parliament/ AP
Britain’s prime minister Liz Truss answers questions at the House of Commons in London on October 19. Photo: UK Parliament/ AP
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