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

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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
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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

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China and Russia seek to further strengthen ties amid escalating tensions with the United States. Photo: Xinhua
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