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China sells bonds at a negative rate for the first time

Strong investor interest as 4bn-euro issue attracts bids worth 17bn euros

China's bonds have lured yield-hungry investors who have focused on the nation's economic recovery. (Source photos by Reuters) 

HONG KONG -- China, whose bonds have been a magnet for global investors because of their relatively high returns, has for the first time sold government debt at a negative interest rate -- joining the "club" of nations that are seeming to defy economic logic by in effect getting investors to pay to lend them money.

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