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NPC To Consider New Debt To Support Economy

CHINA PRESS

Leaders from the Standing Committee of the National People's Congress will meet from Oct 20-24 to consider authorising the early issuance of new local-government debt, the 21st Century Business Herald reported. As the economic situation continues to recover in Q4, authorities may decide to issue 2024 local-government bonds in advance to support the economy better. Since 2018, the early release of new local debt limits has become routine for fiscal policy in recent years, which speeds up the approval process and allows for faster use of funds

MNI Beijing Bureau | lewis.porylo@marketnews.com
MNI Beijing Bureau | lewis.porylo@marketnews.com

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