Post by
Dibah420 on Nov 29, 2024 1:16am
China's Moves In Saudi Arabia
While we obsess over the health of the Chinese economy, their demand for oil and the price of a barrel of crude, the following event slipped by most of us.
China issued $2 billion in sovereign bonds in Riyadh DENOMINATED IN US DOLLARS!!
They got a rate similar to that of the US government's and the issue was oversubscribed almost TWENTY fold.
https://www.globaltimes.cn/page/202411/1323517.shtml