Why have Chinese bonds become a "safe haven" for foreign investment?

Against the backdrop of escalating volatility in the global financial markets and increasing risk aversion, foreign investment in RMB bonds has continued to accelerate. Data shows that from April 1 to 18, net foreign purchases of RMB bonds increased significantly, reaching $33.2 billion. Experts interviewed stated that China's stable macroeconomic situation, predictable policy environment, steady exchange rate, as well as the low volatility and high certainty of RMB bonds, make them an important choice for global investors to optimize asset allocation and achieve risk mitigation. At the same time, arbitrage opportunities brought by exchange rate swaps and the ongoing deepening of financial market openness further enhance the attractiveness of RMB bonds to overseas investors.