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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China’s 2020 growth rate is widely expected to be below 6 per cent, given growth slipped to 6.0 per cent in the third quarter of this year. Photo: Xinhua

China revises up 2018 GDP after new census, making it easier to double size of economy in 2020

  • The National Bureau of Statistics has revised up its 2018 GDP by 2.1 per cent to 91.93 trillion yuan (US$13.1 trillion)
  • Upwards revision makes it easier for China to reach goal of doubling the size of its economy between 2010 and 2020 with a lower growth rate next year
Topic |   China economy

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China’s 2020 growth rate is widely expected to be below 6 per cent, given growth slipped to 6.0 per cent in the third quarter of this year. Photo: Xinhua
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