房地產公司的風險仍高, 而債市仍因利率高於歐美而獲基金經理人青睞.
"Chinese companies have roughly $6.55 trillion of bonds outstanding, with $752 billion sold in foreign currencies such as the dollar, according to the International Capital Market Association. After accounting for government debt, the Chinese domestic bond market amounts to about $15 trillion, making it the second-largest after the U.S.
At the same time, global bond funds run by Western money managers have grown larger, meaning that even small allocations to Chinese debt can add up to large sums."