China has set an annual quota of 3.65 trillion yuan for local government special bonds, which mainly fund infrastructure projects, this year. Photo: Xinhua
China has set an annual quota of 3.65 trillion yuan for local government special bonds, which mainly fund infrastructure projects, this year. Photo: Xinhua

China to accelerate US$224 billion of local bond issuance to support slowing economy

  • China has set an annual quota of 3.65 trillion yuan for local government special bonds, which mainly fund infrastructure projects, this year
  • China’s local governments issued a net 2.22 trillion yuan (US$347 billion) in special bonds in the first nine months of 2021, accounting for 61 per cent of the quota

Topic |   China's economic recovery
China has set an annual quota of 3.65 trillion yuan for local government special bonds, which mainly fund infrastructure projects, this year. Photo: Xinhua
China has set an annual quota of 3.65 trillion yuan for local government special bonds, which mainly fund infrastructure projects, this year. Photo: Xinhua
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