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By Carl WONG, Senior Fund Manager of RAM AI’s Asia Bond Total Return Fund
We are currently tracking two macro-economic trends in China and the impact that these trends might hold for economic and fiscal policy and, ultimately, for fixed income markets throughout China and Asia. The first is the so-called “One Belt One Road” policy and the other is China’s financial deleveraging exercise.
The One Belt One Road policy, introduced by President Xi Jinping in 2013, will help the Chinese government meet its economic and fiscal objectives. The project, when completed, has the potential to impact the economies of 65 countries, comprising 63% of the world’s population who are responsible for 29% of global GDP.
From a Chinese perspective,...
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