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China Needs To Issue Special Treasuries For Economic Recovery

CHINA PRESS
MNI (Singapore)

China should issue about CNY1.5 trillion of special treasury bonds to support the economic recovery after pandemic controls eased, reported Financial News, which is run by the People’s Bank of China. Citing advisors, it said there is policy room for the issuance as the government leverage ratio is not high, and the funds could be used to subside consumption via handing out consumption coupons and to help small businesses and key sectors. The economy will still face headwinds this year since household confidence is still soft, dragging on consumption and house buying, while geopolitical risk is lingering, industrial chains are moving abroad, and virus mutations may trigger new infection waves, advisors said.

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