China’s government plans to raise money to help support the economy by selling special off-budget treasury bonds. Photo: EPA-EFE
China’s government plans to raise money to help support the economy by selling special off-budget treasury bonds. Photo: EPA-EFE

Coronavirus: China to revive special ‘off-budget bonds’ as pandemic stokes debt dilemma

  • Beijing plans to issue ‘off budget’ bonds to tackle the economic impact of the coronavirus outbreak
  • Although they will not appear on government books, the additional debt must be repaid and weak finances could jeopardise China’s credit rating, analysts say

China’s government plans to raise money to help support the economy by selling special off-budget treasury bonds. Photo: EPA-EFE
China’s government plans to raise money to help support the economy by selling special off-budget treasury bonds. Photo: EPA-EFE
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