China’s government has brought forward the 2020 quota for local government special bond issuance into this year to ensure the continuation of construction momentum with this year’s quota expected to be exhausted later this month. Photo: AFP

China’s latest efforts to focus on fine tuning ‘weak economic links’ as downward pressure mounts

  • State Council calls for more subsidies for low-income consumers and more special purpose bonds to fund additional spending on infrastructure and other projects
  • It also wants a timely cut in market interest rates and the amount of money that banks are required to hold in reserve at the central bank
Topic |   China economy

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China’s government has brought forward the 2020 quota for local government special bond issuance into this year to ensure the continuation of construction momentum with this year’s quota expected to be exhausted later this month. Photo: AFP
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