Issuers, bankers and investors ended last year with the certainty that things could only get better in Asia’s bond market. Instead, in the first two months of 2022 they somehow got worse. Asia had often seemed like a safe haven in emerging markets, but last year Chinese credit managed to roil global markets, to the extent that the Federal Reserve had to answer questions about how Chinese property bond defaults might impact the US economy. Major changes to Chinese regulations in sectors like technology and education, along with policies that...Read more