A flight from yuan assets is helping cut China Inc.’s overseas borrowing costs to the lowest since the global financial crisis, Bloomberg reports. Demand for Chinese dollar bonds is surging as locals brace for more yuan losses, after the currency slumped 3.53% against the greenback in the past year. Assets at Chinese funds allowed to invest in overseas bonds more than tripled to 13.6 billion yuan ($2.1 billion) in the six months through June 30. The flood of cash is driving a rally in Chinese firms’ dollar securities that cut their yield premium over Treasuries 32 basis points this quarter to 269 basis points on Aug. 15, the lowest since January 2008. That’s still wider than the 126 basis point average spread for onshore yuan notes.