Why Wall Street banks and foreign borrowers are rushing to tap China’s cheap money

149 points by Status_Commission264 19 hours ago on reddit | 8 comments

Gr8WallofChinatown | 6 hours ago

> foreign banks issuing panda bonds can borrow at roughly 1.7% to 2.2%, compared with 4.5% to 5.5% in dollar markets, generating interest savings of two to three percentage points.

Depending on if Warsh will raise rates (which it’s speculated he will do twice) this is a no brainer.

ViolettaQueso | 18 hours ago

Bottom suckers?

Idk, but some people aren’t pre-wired to suffer with the rest of us.

They are pre-wired to flaunt the maxims of democracy.

DrawingDramatic1641 | 8 hours ago

you think business care about political institutions

what's next you think george soros hates china bcz it isn't a democracy or SMTH?

Easy-Marsupial3268 | 7 hours ago

Yes, capitalists usually avoid the suffering they cause.

Suspicious_Place1270 | 2 hours ago

on a private island served by slaves