China Emerges as Debt-Funding Hub for Foreigners During Iran War (www.bloomberg.com)
from schizoidman@lemmy.zip to world@lemmy.world on 25 Mar 02:44
https://lemmy.zip/post/61351104

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.

#world

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gravitas_deficiency@sh.itjust.works on 25 Mar 10:57 collapse

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.