SHANGHAI: China is re-launching government bond futures trading on Friday, 18 years after banning it following a multi-billion-dollar scandal, in what analysts say is a genuine economic reform step by authorities.
Despite decades of spectacular growth, the Chinese government retains a significant management role in the world's second-largest economy and has been reluctant to run the risk of speculation in the markets, even though companies need a hedging tool in an environment that is a major mover of global commodity prices.
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