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China considers record quota for special local government bonds this year, wider deficit

China considers record quota for special local government bonds this year, wider deficit

A Bloomberg (gated) report late Monday citing unnamed people familiar with the situation.

Says

  • Chinese officials are considering setting a record quota for special local government bonds this year
  • and expanding the budget deficit

This is part of further fiscal support for the recovering economy.

Authorities are considering raising the previous record of 3.75 trillion yuan for special local government bond quota

Also, a deficit target around... Read More

Posted: Jan 10 2023, 01:29
Author Name: forexlive
Views: 110712

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