China fixed income outlook 2023: The worst is over
China’s bond market is beginning to look up as the country reopens and government rescue plan for the property sector kicks in. But the market will remain volatile compared with developed markets.
![China fixed income outlook 2023: The worst is over](https://cdn.i.haymarketmedia.asia/?n=asian-investor%2Fcontent%2Fshutterstock_1716781834.jpg&c=1&h=677&q=100&v=20243701&w=1204)
China’s fixed income market is set to recover from hitting a bottom in 2023 and offer some diversified opportunities for investors, including the property sector, fund managers said.
AXA Investment Managers noted that Chinese property developers may have reached the bottom. The percentage of China property companies in its universe – the JP Morgan Asia Credit Index (JACI) – was 12% as of the end of 2020, and 8.7% in November 2021. In December 2022, it dropped to 3.4%.
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