China’s Growing Pile of Long-Term Debt to Deepen Pricing Stress
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000China is issuing a greater proportion of longer-maturity sovereign debt to secure financing, but the increase in supply risks pushing up yields and weighing on already-weakening demand.The share of Chinese bonds with maturities beyond 10 years has climbed to around 31% of outstanding central and local government debt, the highest level in a decade and up from a low of 11.6% in 2018, according to data compiled by Bloomberg.