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
