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"We expect that, once the central government announces its 13th Five-Year Plan this month, this pool of municipal bond liquidity will be channeled into infrastructure and other activities which will provide a boost to the economy late this year and well into 2016.All these factors combined serve to strengthen our conviction that current risk pricing in China’s markets is far too conservative."
"We expect that, once the central government announces its 13th Five-Year Plan this month, this pool of municipal bond liquidity will be channeled into infrastructure and other activities which will provide a boost to the economy late this year and well into 2016.All these factors combined serve to strengthen our conviction that current risk pricing in China’s markets is far too conservative."
[text] China Risk is Overpriced - Context | AB
