Beijing has budgeted the sale of US$196.79 billion in local “special purpose” bonds this year, which will be used to fund projects including subways and roads. Photo: Xinhua

China gives banks incentive to buy bonds to support public investment push

Lenders will no longer be required to hold provisions against local government debt risks

Topic |   China economy

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Beijing has budgeted the sale of US$196.79 billion in local “special purpose” bonds this year, which will be used to fund projects including subways and roads. Photo: Xinhua
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