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
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
Bonds
Economy /  China Economy

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

Karen Yeung
Karen Yeung

Updated: 7:39pm, 31 Dec, 2018

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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
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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