Local governments sold a record 1.94 trillion yuan (US$289 billion) worth of bonds last month, representing a year on year increase of 143.27 per cent, according to Great Wall Securities. Photo: Xinhua
Local governments sold a record 1.94 trillion yuan (US$289 billion) worth of bonds last month, representing a year on year increase of 143.27 per cent, according to Great Wall Securities. Photo: Xinhua

China’s debt-fuelled infrastructure investment drive sees record 1.94 trillion yuan bonds sold in June

  • Local governments sold 1.94 trillion yuan (US$289 billion) worth of bonds in June as China turned to its old playbook of boosting economic growth
  • China’s State Council said last month that policy banks would increase their credit line to provide 800 billion yuan to fund infrastructure projects

Local governments sold a record 1.94 trillion yuan (US$289 billion) worth of bonds last month, representing a year on year increase of 143.27 per cent, according to Great Wall Securities. Photo: Xinhua
Local governments sold a record 1.94 trillion yuan (US$289 billion) worth of bonds last month, representing a year on year increase of 143.27 per cent, according to Great Wall Securities. Photo: Xinhua
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