China derivatives market growth lags economic development
While GDP growth has been spectacular, derivatives growth is muted
The rise of China's economy over the past two decades has been meteoric with its GDP multiplying from just $730 billion 20 years ago to more than $10 trillion today – but growth of its derivatives market has been lacklustre.
According to data from the Bank for International Settlements, China had just 0.7% of the share of global turnover for over-the-counter foreign exchange derivatives in 2013, despite having a GDP at the time of $9.24 trillion, making it the second largest economy in the world
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