A review of recent developments in the Chinese bond market shows that China's private debt market, an important source of financing to foster economic growth, remains relatively small despite recent reforms. Investors at an information disadvantage demand a risk premium to lend money (i.e., buy...

The world's economic system and ecosystem have everything to gain by teasing apart the issues related to infrastructure and climate change in China. If China is to sustain its economic growth and improve its living standards over the next several decades, huge sums of capital will be needed to...