![](https://img2.chinadaily.com.cn/images/202408/29/66cfac47a3106063b594bafa.png)
US interest rate concerns drive renminbi’s ascendancy
Over recent months, a seemingly surprising trend has emerged on the global financial landscape — foreign investors are flocking to Chinese renminbi bonds, even as US bonds boast higher yields. As of July, overseas institutions' holdings in China's …