21-07-2025
China's Longer Bonds Fall on Bets Mega Dam May Support Economy
China's longer tenor government bonds fell amid waning demand for haven assets as investors saw the launch of a 1.2 trillion yuan ($167 billion) mega-dam project in Tibet providing more support to the economy.
Futures on China's 30-year government bonds fell as much as 0.5% on Monday to hit the lowest in six weeks, while some of the nation's power and construction stocks jumped. The launch of the hydropower plant which is estimated to cost more than four times that for Three Gorges — world's largest power project — promises an economic jolt for sectors like construction, cement and steel and boost the economy.
