Photo: Reuters

China’s central bank adds local government bonds into calculation for social financing

People’s Bank of China widens scope of indicator to reflect sharp rise in issuance of debt instruments in recent months

Topic |   China economy

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Photo: Reuters
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Orange Wang

Orange Wang

Orange Wang covers the Chinese macroeconomy, and has many years of experience with China's monetary and fiscal policy moves. He also covered global market and financial news for a long time, with a particular focus on new technologies and their influences on economic growth and society. Before joining the South China Morning Post, Orange worked as a Shanghai Correspondent for ET Net, a Hong Kong financial news agency.