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
Topic |
China economy
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 and Russia seek to further strengthen ties amid escalating tensions with the United States. Photo: Xinhua
Russia keen to sell yuan bonds to deepen ties with China and further reduce US dollar dependence
- China and Russia seek to further strengthen ties amid escalating tensions with the United States after Xi Jinping and Vladimir Putin upgrade relationship this week
- At St Petersburg International Economics Forum, Russian bank claims there would be strong demand for yuan bonds
Topic |
China economy
China and Russia seek to further strengthen ties amid escalating tensions with the United States. Photo: Xinhua