China’s onshore and offshore markets have been fascinating to watch this year with international and domestic influences pulling the two in different directions, while the collapse in China’s real estate sector has left anyone exposed to property issuers with a bitter taste in their mouths. Local credit markets are strong. The People’s Bank of China is forging its own interest rate path, easing monetary policy to support the local economy, while central banks elsewhere favour high interest rates to curtail inflation. The PBoC’s stance has...Read more