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China's Debt Emerges as Alternative to U.S. Treasuries

3/4/2026

Summary

Story summary

China's sovereign debt is gaining traction as an alternative to U.S. Treasuries, per Xu Qiyuan of the Chinese Academy of Social Sciences.
The bonds offer high-grade credit backing and liquidity while reducing risks from U.S. sanctions.
Xu calls for improved market liquidity and yuan internationalization to bolster China as a global safe haven.
The topic will be a focus at China's upcoming annual legislative meetings, amid rising dollar-denominated bond demand.

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Story summary

China's sovereign debt is gaining traction as an alternative to U.S. Treasuries, per Xu Qiyuan of the Chinese Academy of Social Sciences.
The bonds offer high-grade credit backing and liquidity while reducing risks from U.S. sanctions.
Xu calls for improved market liquidity and yuan internationalization to bolster China as a global safe haven.
The topic will be a focus at China's upcoming annual legislative meetings, amid rising dollar-denominated bond demand.