China panda bond market flashes economic warning sign

Issuances fall by half from last year as zero-COVID policy creates uncertainty

20220625N Shanghai

Shanghai has emerged from its coronavirus lockdown, but the government's hard-line zero-COVID containment policy hangs over the economic outlook. © Reuters

YUTA KOGA and NORIYUKI DOI, Nikkei staff writers

TOKYO/SHANGHAI-- Foreign issuers have hit the brakes on offerings of yuan-denominated bonds in China this year in a sign of heightened caution over investing in Asia's largest economy.

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