December 24, 2024 05:56 GMT
CHINA: China To Issue 3tlrn Yuan In Special Bonds Next Year- Rtrs
CHINA
Headlines crossed a short while ago from Reuters on China's plan for special government bond issuance in 2025.
- The 3trln yuan in special issuance, if realised it would be a record, Rtrs notes.
- Rtrs adds: "The plan for 2025 sovereign debt issuance would be a sharp increase from this year's 1 trillion yuan and comes as Beijing prepares to soften the blow from of an expected increase in U.S. tariffs on Chinese imports when Donald Trump returns to the White House in January."
- "The proceeds will be targeted at boosting consumption via subsidy programmes, equipment upgrades by businesses and funding investments in innovation-driven advanced sectors, among other initiatives, said the sources."
- "The "new" initiatives consist of a subsidy programme for durable goods, where consumers can trade in old cars or appliances and buy new ones at a discount, and a separate one that subsidises large-scale equipment upgrades for businesses."
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