Love for China Is Real as Foreign Traders Spend Record on Bonds
- Jump in government-bond holdings in May follows surge in April
- Buying is greater than China’s net debt issuance this year
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Foreign bond investors are loving China.
They’ve increased their holdings of the government’s securities for a 15th month to a fresh record of 835.9 billion yuan ($130.5 billion), up by 229.4 billion yuan since January, data from the China Central Depository & Clearing Co. show. That’s a meteoric rise from 2017, when foreign holdings of Chinese debt increased just 5.23 billion yuan.