Australian investors can buy renminbi (RMB) denominated bonds from NSW state govt to gain exposure to potential rise in Chinese currency and diversify from...

Australian investors can buy renminbi (RMB) denominated bonds from NSW state govt to gain exposure to potential rise in Chinese currency and diversify from sinking $A. The $250m question is whether investors should buy. If it is for risk mitigation, then this may not work given how the currencies are seen as proxies for the health of the Chinese economy at a time of potential property bubbles and bad debt issues in Australia's most important trading partner.