China accelerated issuance of local government special-purpose bonds and further expanded the scope of projects eligible for the bonds, in a bid to boost investment and support the slowing economy as downward pressure increases.
“This year's issuance of special-purpose bonds started early and the progress was significantly faster than in previous years," said Xu Hongcai, Vice Minister of Finance, at a news conference on Tuesday.
Everything you are looking for about China markets is on THE WIRE, with up-to-the-minute reporting on regulatory updates, economic indicators, market trends and company spotlights throughout every trading day.
Random China information is everywhere, but focused and systematic reporting on China market is rare.