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
