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China to raise US$160b in bonds to build infrastructure: sources

Beijing plans to use development banks to help fund big-city projects over next few years
Saturday, August 1, 2015 - 05:50
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STEPPING UP INVESTMENT: Chinese policymakers have been unveiling ambitious infrastructure plans as the world's second-largest economy has slowed markedly, but often provide few funding details.

Shanghai

CHINA plans to raise US$160 billion in bonds to fund infrastructure projects over the next few years, sources said, in a sign Beijing is intent on stepping up investment to spur the economy and making good on huge but vague spending pledges.

Beijing plans to use a big