Finance Minister Liu Kun says China needs to expand the areas where special purpose bonds are invested. Photo: Reuters
Finance Minister Liu Kun says China needs to expand the areas where special purpose bonds are invested. Photo: Reuters

China’s debt risks on the rise as Beijing vows ‘appropriate spending intensity’ to bolster economy

  • World’s second-largest economy intends to expand the areas where special purpose bonds are invested this year, finance minister says
  • And central government will not cut back on spending to support people’s livelihoods and continue fighting against the coronavirus

Finance Minister Liu Kun says China needs to expand the areas where special purpose bonds are invested. Photo: Reuters
Finance Minister Liu Kun says China needs to expand the areas where special purpose bonds are invested. Photo: Reuters
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