China is hoping infrastructure spending by local governments will curb the economic fallout from the coronavirus outbreak. Photo: Xinhua

Coronavirus: China local government debt could hit record high as Beijing front-loads more bonds

  • China announced this week it will bring forward another 1 trillion yuan in advance quota of local government special purpose bonds
  • Beijing hopes infrastructure spending will curb the economic fallout from the coronavirus, but concern is mounting about local government debt
Topic |   Coronavirus pandemic
China is hoping infrastructure spending by local governments will curb the economic fallout from the coronavirus outbreak. Photo: Xinhua
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