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China's enterprise bond spreads, especially with high-yield ones, are still above their historical average and should compensate for a gradual rise in the overall rate of credit market defaults under an orderly deleveraging scenario, said Mark Haefele, chief investment officer of UBS Global Wealth Management, in a recent research note.
China's electric vehicle maker BYD was a major part of the largest order of electric buses in American history.
China's cross-border e-commerce sector has grown exponentially as the country's middle-and high-income shoppers demand increasingly diversified and personalized products and services. Market consultancy iiMedia Research said market size of the country's cross-border online shopping is expected to reach 10.3 trillion yuan this year.
China's economy expanded 6.1 percent year on year in 2019, within the government's annual target of 6 to 6.5 percent.
China's interbank treasury bond index in net price opened at 994.64 points Monday, up from the previous close of 991.61 points. [Photo/Agencies]
