China Smashes Bond Sale Records With Over $234 Billion of Bids

Just a few years ago, China was “uninvestable” to some global money managers as its economy reeled from strict Covid curbs and a crackdown on private enterprise.

Now central banks, sovereign wealth funds, and insurers around the world are bidding for the nation’s international debt like never before. The mood change was evident by how easy it was for China to raise a combined $8.6 billion by tapping both the dollar and euro bond markets in the last two weeks.