This absence of proper indices is the main reason why China still lacks a liquid market in derivatives.
ECONOMIST: China's financial markets
The country is likely to help create a more liquid Asian bond market and make China sovereign debt a new safe haven.
FORBES: Asia Fast Becoming New Safe Haven, Says BlackRock
Most obviously, China's banks are highly liquid.
ECONOMIST: Resilient China
He added that while the UK market seemed focussed on "white water" liquid milk, there was a "huge opportunity for growth" for processed goods in global markets such as China and the Far East.
BBC: Cows
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