China’s economy shrank 6.8 per cent in the first quarter from a year earlier, the first contraction in decades, and Beijing dropped its annual growth target for the first time. Photo: ReutersChina’s economy shrank 6.8 per cent in the first quarter from a year earlier, the first contraction in decades, and Beijing dropped its annual growth target for the first time. Photo: Reuters
China’s economy shrank 6.8 per cent in the first quarter from a year earlier, the first contraction in decades, and Beijing dropped its annual growth target for the first time. Photo: Reuters

Coronavirus impact: China’s auction of 1 trillion yuan of special treasury bonds to begin this week, sources say

  • China announced plans in May to sell 1 trillion yuan of special treasury bonds to help fund economic stimulus in the wake of the coronavirus pandemic
  • According to the sources, 70 per cent of the bonds will have a 10-year term, 20 per cent will have a maturity of five years and the remainder will be seven-year bonds
Topic |   Coronavirus pandemic
China’s economy shrank 6.8 per cent in the first quarter from a year earlier, the first contraction in decades, and Beijing dropped its annual growth target for the first time. Photo: ReutersChina’s economy shrank 6.8 per cent in the first quarter from a year earlier, the first contraction in decades, and Beijing dropped its annual growth target for the first time. Photo: Reuters
China’s economy shrank 6.8 per cent in the first quarter from a year earlier, the first contraction in decades, and Beijing dropped its annual growth target for the first time. Photo: Reuters
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