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
Topic |   China economy

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

Frank Tang

Frank Tang joined the SCMP in 2016 after a decade of China economy coverage and government policy analysis.