Institutions snapping up Chinese treasury bonds are shorting the economy, state media says
SHANGHAI - Financial institutions snapping up Chinese government bonds are basically shorting the Chinese economy, China's central bank-backed Financial News reported on Saturday, citing what it said were the views of industry sources and experts.
It came after the paper said late on Friday that China's central bank is determined to maintain a normal upward-sloping yield curve and correct bond-market risks. The move shows the central bank's desire to stabilise exchange rate and economic expectations, Financial News reported, citing unnamed experts.
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