China moves to boost economy with $137 bn sovereign bond iss

China moves to boost economy with $137 bn sovereign bond issuance

China said Tuesday it would issue sovereign bonds worth 1 trillion yuan ($137 billion) in a move seen as an attempt to shore up the economy after a sluggish post-Covid recovery.The bonds unveiled Tuesday will be distributed to local governments to support national disaster prevention and recovery and will be issued in the fourth quarter of this year, state news agency Xinhua said. 

Related Keywords

China , Zhang Zhiwei , Xinhua , Societe Generale Cross Asset Research , Pinpoint Asset Management , Generale Cross Asset Research , Local Governments , Sovereign Bonds , Disaster Prevention , Northern China ,

© 2025 Vimarsana