China dips back into the global market with U.S. dollar bonds
China dips back into the global market with U.S. dollar bonds
China is getting ready this month to sell $2 billion in bonds. But these aren’t bonds in Chinese currency. It’s selling bonds in U.S. dollars — something China hasn’t done in many years. If investors buy bonds from China using U.S. dollars, it means they are lending those U.S. dollars to China. So when China said it’s offering dollar bonds, it’s saying it wants to borrow dollars. The question is — why? China already has some $3 trillion in U.S. dollar reserves.
Click the audio player above to hear the full story.
Stories You Might Like
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.
