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Bloomberg
While Chinese markets might look bleak at the moment, the biggest government bond selloff of 2021 has some investors salivating at a buying opportunity.
Risk aversion swept the country and spread globally this week after China cracked down on private-education firms. Although reassurance from state media on Wednesday helped stem a selloff in stocks, sentiment remains fragile. The same goes for bonds.
And, yet, bulls including Ashmore Group, Alpine Macro and VP Bank AG are undeterred. The drivers that have made Chinese bonds the best performers in the world this year are still in place.