HONG KONG -- More overseas borrowers are tapping China's bond market, jumping aboard a panda bond boom that Beijing is increasingly using to extend its political influence.

On Sept. 15, there were 389 billion yuan ($54.6 billion) worth of panda bonds outstanding, surpassing the figure for samurai bonds, which foreign companies issue in Japan. (Illustration by Hiroko Aida)
Growing numbers of Belt and Road countries consider increasing their yuan debt