Selling bonds in four currencies on the same day around the world is a feat few companies attempt. Bank of China raised $3bn doing so last week — and paid less to do so than it initially feared. Put that together with Monday’s data showing surprisingly strong growth in China, and it would appear as if boom times in the wild east are back. That they are not — given China’s economy is expected to soften slightly from this high point — is unlikely to deter companies’ interest in borrowing overseas, however.

Even as Beijing curbs capital outflows, delaying its ambitions of making the renminbi a truly international currency in the process, Chinese companies’ global interactions continue to increase. Bank of China’s deal is only one of many bond sales every week by mainland companies.

There are many reasons for corporate China to go offshore, not least the price. Borrowing costs outside the mainland, relative to US Treasuries, have fallen to their lowest since the global financial crisis. Onshore interest rates meanwhile have been rising as Beijing fights to curb leverage by raising key bank rates.