EconomyCan China use the widening US-yuan yield gap to expand the currency’s global role?

A researcher at a Beijing-based government think tank says China should use the widening yield gap as an opportunity to strengthen the yuan’s financing, hedging and asset-absorption systems, turning a cyclical low-interest-rate advantage into lasting global use. On Thursday, the 10-year US Treasury yield was 5.22%, against 1.69% for Chinese government bonds on their first trading day after the National Day holiday.

yuanUS-China yield gapgovernment bondsglobal currency

SSouth China Morning Post★★☆☆☆2026-10-09 03:00Original