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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.  ....

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

China Moves To Boost Economy With $137 Bn Sovereign Bond Issuance

China Moves To Boost Economy With $137 Bn Sovereign Bond Issuance
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Zhang Zhiwei , Societe Generale Cross Asset Research , Pinpoint Asset Management , Generale Cross Asset Research ,

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

China plans to issue sovereign bonds worth 1 trillion yuan ($137 billion) in the fourth quarter to support the economy after a slow post-Covid recovery. The bonds will be distributed to local governments for national disaster prevention and recovery efforts. China s economy grew more than expected in Q3 but remains below target, leading to calls for more stimulus. The move is seen as an unusual step to boost economic growth and help sustain the recovery momentum beyond Q4. ....

Zhang Zhiwei , Societe Generale Cross Asset Research , Pinpoint Asset Management , Generale Cross Asset Research ,