Cheap Yuan Funding Tempts More Borrowers Outside of China

As Hungary embarks on building railways that link car factories to new markets in western Europe, the country is turning to financing in China.

It’s a similar story in Kazakhstan, where the state-owned oil producer is planning its debut yuan bond sale. In Kenya, officials hope to soon ink a deal letting the cash-strapped country convert its dollar debt for Chinese currency loans in exchange for more time to repay.