Yuan bond issuance by foreign borrowers has surged in mainland China this month, eclipsing the momentum of such fundraising offshore and highlighting the appeal of a vast local market less affected by the Iran war.
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It’s rather incredible to me how the EU seems to be getting caught flat-footed and unprepared for literally every possible development. The US going in this direction was clearly something that should have been planned for around 2016 or 17 at the latest. But no - wishful thinking is much cheaper in the short term.