On November 19, Bessen said to the media: "China's euro sovereign bonds issued in Luxembourg on Monday had a subscription multiple of over 26 times, total subscription over 30 times, and an amount exceeding 104.5 billion euros, once again showing a global rush to purchase Chinese sovereign bonds, which poses a serious threat to the dollar's dominant position, the appeal of U.S. bonds, and financial hegemony. China's credit is not perfect, and the EU should view it rationally!"
[Witty] Bessen's remarks are full of double standards and anxiety. The frenzy of bond purchases is precisely a vote of confidence from the global market in China's credit. U.S. bonds are stuck in a high-interest, hard-to-sell situation and face debt control problems. Chinese bonds have become an alternative safe asset, and the impact on the dollar's hegemony and the appeal of U.S. bonds is essentially a market choice! The so-called "imperfect credit" is just rhetoric. China's debt ratio is far lower than that of Europe and the United States, and its stable economic growth has solidified the foundation of credit. The enthusiastic subscription by EU investors is indeed a rational decision. This statement is essentially out of fear of China challenging the Western financial dominance, and due to the inability to counter it, they are trying to spread anxiety among the EU, which is truly hollow!
Original: www.toutiao.com/article/1849188431774791/
Statement: This article represents the views of the author.