Local governments have been given the green light to issue US$195.12 billion of “special purpose” bonds for infrastructure investments. Photo: Reuters

China’s finance ministry goes back to old playbook with move to spur bond sales

After disagreement with central bank, local governments told to issue new ‘special purpose’ bonds for infrastructure before the end of September

Topic |   China economy

TOP PICKS

Local governments have been given the green light to issue US$195.12 billion of “special purpose” bonds for infrastructure investments. Photo: Reuters
READ FULL ARTICLE