Disinflation

Chinese disinflation wave is set to boost emerging-market bonds

Downward pressure on inflation, coupled with appreciating currencies, are seen as giving central banks more room to cut interest rates, adding to the allure of longer-maturity debt

Robots and workers assemble electric vehicles at a new factory run by Chinese automaker Nio. Attitudes towards China have changed since businesses in the West realised it was evolving from being a supplier to a competitor.
THE BROAD VIEW

A retrospective perspective: how the global economy has changed in 35 years

Three themes have dominated the past 35 years, which will likely continue to shape the global economy and markets in the decades ahead