HONG KONG: The year of the rat, soon to be kicked off after China’s lunar New Year, is lining up to be a strong year for China’s currency and its government bonds.
That’s the bet being put on at Gavekal Capital, a fund manager with about US$1.5bil in stocks and bonds, which says the bonds of the world’s second largest economy will deliver a 10% return this year, given both the strengthening yuan and the relatively high yields in China.
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