China borrows almost as cheaply as US in return to dollar bond market

China recently returned to the global dollar bond market after three years, issuing $2bn in bonds with yields just slightly above US Treasuries, attracting nearly $40bn in orders. The sale, held in Saudi Arabia, demonstrates Beijing’s efforts to strengthen financial ties with the oil-rich kingdom, with 400 international investors participating. The issuance, which saw strong demand and tight spreads, serves as a symbolic move to broaden China’s financial cooperation globally and provide a benchmark for other issuers.

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