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Watch Out World, Here Come Chinese Government Bonds

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Watch Out World, Here Come Chinese Government Bonds

Euromoney,

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China is poised to play an even larger role in the global economy. 

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Editorial Rating

8

Qualities

  • Analytical
  • Eye Opening
  • Overview

Recommendation

In GDP, innovation and trade, China strives to challenge the United States and other global competitors. While the world’s second largest economy has not carried its weight in the monetary realm, that dynamic is quickly changing. Euromoney columnist Andrew Capon explores China’s push into world financial markets with its offerings of Chinese government bonds. Corporate executives and policy professionals will find this robust article on China’s expanding role in global finance a worthwhile read.

Summary

Already an economic powerhouse, China is now making waves in the global financial and monetary ecosystem. In 2016, the country welcomed international investors to its $12 trillion bond market, and the International Monetary Fund announced that the renminbi would join the currency basket that constitutes the organization’s Special Drawing Rights.The IMF’s move places Chinese leaders in a position they have long coveted: with a seat at the global finance table befitting a nation with reserve currency status.  

The reserve currency status holds major significance...

About the Author

Andrew Capon is a contributing editor at Euromoney magazine.

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