The move by the government comes amid signs that domestic economic momentum is weakening due to headwinds from the trade war with the United States. Photo: Bloomberg
China relaxes infrastructure project finance rules, but analysts warn it will have limited economic impact
- Local governments can use bond proceeds to boost their ability to support major projects after tax cuts reduced their revenues
- Authorities can also borrow more from banks to fund infrastructure projects without fear of regulatory crackdown on excess debt
The move by the government comes amid signs that domestic economic momentum is weakening due to headwinds from the trade war with the United States. Photo: Bloomberg
