US fund manager buys up China debt
SYDNEY, Australia: US bond manager Muzinich & Co. believes that Beijing’s incremental stimulus efforts to support the modest economic recovery will yield positive results with patience. The company highlights China’s previous measures and a new funding package, including 1 trillion yuan ($139.3 billion) in special ultra-long-term treasury bonds and 3.9 trillion yuan ($543.3 billion) in […]
Tomas Kauer - News Moderator 
SYDNEY, Australia: US bond manager Muzinich & Co. believes that Beijing’s incremental stimulus efforts to support the modest economic recovery will yield positive results with patience.
The company highlights China’s previous measures and a new funding package, including 1 trillion yuan ($139.3 billion) in special ultra-long-term treasury bonds and 3.9 trillion yuan ($543.3 billion) in special bonds for local governments, stating that the impact will take time to materialize.
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