China’s FIRST McDonald’s (Photo credit: flickr.Marcus)
This is an interesting article from Bloomberg on the developments in the Chinese bond market which potentially will have a very far-reaching impact.
China Bond Market Ready for Takeoff After Bold Moves – Bloomberg.
Personally, I do not agree with the hard-landing school of China watchers. I see China’s policy-makers as knowledgeable, shrewd and prepared to intervene on a massive scale, where appropriate. I am very much looking forward to my visit to China in October.