The expected inclusion of Chinese bonds in the Bloomberg Barclays Global Aggregate Bond Index next month is an "important milestone" in China's financial integration into the world economy, an International Monetary Fund (IMF) official said Wednesday.
"That step both reflects the importance of those bonds in foreign portfolios and likely will encourage more purchases of those securities going forward," said Changyong Rhee, IMF's director of the Asia and Pacific department, at a book forum held in Washington D.C.
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