Why investors should beware China safe haven narrative amid Iran crisis

Are Chinese government bonds a refuge from global economic turmoil? That the financial markets of a country which has struggled to fully shed the “uninvestable” label are being touted by a growing number of investors and analysts as a safe harbour attests to the dramatic shift in perceptions of China since the beginning of last year. Although the “uninvestable” tag applied to Chinese equities, which suffered a prolonged spell of extreme bearishness from 2021 to 2023, the government bond market...