International investors are willing to buy Renminbi debt at such low yields because they expect to be compensated by the appreciation of the renminbi against the dollar in the coming months and years. 国际投资者愿意以如此低的收益率购买人民币债务,是因为他们预期在未来数月乃至数年,人民币对美元将会升值,而他们将从中得到补偿。