BRICS-Led Development Bank Touts Yuan Funding for Global South
China’s onshore bond market, backed by ample liquidity and a stable currency, is emerging as an attractive funding source for developing economies, according to the BRICS-led New Development Bank.
By Charlie Zhu, Wenjin Lv · Bloomberg Markets
China’s onshore bond market, backed by ample liquidity and a stable currency, is emerging as an attractive funding source for developing economies, according to the BRICS-led New Development Bank.