Find the latest episode of "The Uncertain Hour" here. Listen

China dips back into the global market with U.S. dollar bonds

Sep 13, 2017
HTML EMBED:
COPY

China dips back into the global market with U.S. dollar bonds

Sep 13, 2017
HTML EMBED:
COPY

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.

News and information you need, from a source you trust.

In a world where it’s easier to find disinformation than real information, trustworthy journalism is critical to our democracy and our everyday lives. And you rely on Marketplace to be that objective, credible source, each and every day.

This vital work isn’t possible without you. Marketplace is sustained by our community of Investors—listeners, readers, and donors like you who believe that a free press is essential – and worth supporting.

Stand up for independent news—become a Marketplace Investor today with a donation in any amount.