From the Financial Times in the UK
Chinese government bonds have sidestepped a global debt sell-off since the start of the Iran war, as the world’s second-biggest economy emerges as a haven from soaring energy prices and rising global inflation.
2 Likes
Re: haven from soaring energy prices
How so? They are major importers of oil from the Mideast. Do have coal and many coal fired power plants and transitioning to renewables. Get some oil from Russia. But the high oil prices are hard to ignore. News item today says China is asking people to conserve energy.
1 Like