Local governments will issue 810 billion yuan (US$117.76 billion) of special bonds and 580 billion yuan of general bonds early at the start of 2019. Photos: Reuters

Trade war leads China to speed up US$202 billion local government bond issue

  • State Council keen to boost infrastructure investment to offset tensions with the United States
  • Finance Minister Liu Kun reported to have said some of the advanced bond issuance funds will be spent on key projects
Topic |   Bonds

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Local governments will issue 810 billion yuan (US$117.76 billion) of special bonds and 580 billion yuan of general bonds early at the start of 2019. Photos: Reuters
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Karen Yeung

Karen Yeung

Karen Yeung joined the Post in 2017 after more than 15 years' experience on global newswires in Hong Kong and Shanghai. She spent eight years in Shanghai and has received awards for best feature, analysis and agenda-setting.