if china's currency is pegged to that of the US and is offering much higher interest rates than the US- how can an investor simply buy chinese bonds to take advantage of it? is there any easy way to do this?
Nope. With some minor recent exception, there's strict capital control for the yuan. You can't freely convert between the dollar and the yuan.
McDonaldâs Yuan Bonds Set Benchmark for China: Credit Markets http://www.businessweek.com/news/20...s-set-benchmark-for-china-credit-markets.html