China’s government hopes that increasing the bond issuance limit will kick start local infrastructure projects. Photo: Xinhua
China’s government hopes that increasing the bond issuance limit will kick start local infrastructure projects. Photo: Xinhua

China moves to aid slowing economy by accelerating issue of 1 trillion yuan of local government bonds

  • Beijing has brought forward 1 trillion yuan (US$142.3 billion) of the 2020 special purpose bond quota to this year
  • The move gives local governments more room to issue debt to fund infrastructure projects that could help prop up China’s slowing economy

China’s government hopes that increasing the bond issuance limit will kick start local infrastructure projects. Photo: Xinhua
China’s government hopes that increasing the bond issuance limit will kick start local infrastructure projects. Photo: Xinhua
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