Low interest rates have sparked a global rush to borrow in China, the outlet has said Global companies are reaping record profits through yuan-denominated bonds and are borrowing heavily from Chinese lenders at low interest rates, at a time when the cost of using Western banks is skyrocketing, Reuters reported on Friday. According to the news agency, international companies and banks are raising record amounts of cash through Chinese ‘panda’ and ‘dim sum’ bonds denominated in yuan. “While the fundamental story is not compelling for Chinese investors looking for growth, the depreciation of the yuan as well as
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