The spreads on dollar bonds issued by many Chinese companies remain relatively stable even as economists lower their growth projections for China.
Sept. 6, 2023 5:30 am ETRelatively stable spreads on dollar bonds issued by many Chinese companies send a positive signal about China’s economy.HONG KONG—China’s economy is in a funk, but bond investors are betting the worst can be avoided., hurt by a decline in exports, a slowdown in consumer spending and a prolonged slump in the property sector. Economists have downgraded their growth projections.
But the spreads on dollar bonds issued by many Chinese companies have remained relatively stable. That suggests investors don’t think the slowdown in China’s economy will get so bad that these companies can no longer pay back their debt.Continue reading your article with
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