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In the decade of “de-dollarisation”, Chinese government bonds may be the new safe haven

As central banks in Europe and America made unprecedented monetary and fiscal moves to stimulate the economy at the height of the COVID-19 pandemic, China adhered to orthodoxy and exercised caution about expanding its balance sheet. Indosuez believes that this could pay off for Chinese assets in the long run. “COVID-19 marks the end of the deflation era, with central…

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