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China will issue 750b yuan in special treasury bonds

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Published Fri, Dec 9, 2022 · 06:09 PM
    • China will issue 750 billion yuan (S$145.9 billion) three-year special treasury bonds on Dec 12.
    • China will issue 750 billion yuan (S$145.9 billion) three-year special treasury bonds on Dec 12. PHOTO: REUTERS

    CHINA will issue 750 billion yuan (S$145.9 billion) three-year special treasury bonds on Dec 12, the finance ministry said in a statement on Friday (Dec 9), as the economy was hobbled by Covid woes and a property downturn.

    In 2020, China issued one trillion yuan of special treasury bonds to fund stimulus and shore up the economy that was first hit by Covid-19 pandemic. REUTERS

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