Most markets rose Wednesday after China unveiled plans for $137 billion in extra debt to boost infrastructure spending, while oil extended losses on hopes
Most markets rose Wednesday after China unveiled plans for $137 billion in extra debt to boost infrastructure spending, while oil extended losses on hopes Israel will scale back its plans for a Gaza ground invasion.
International Business News: Most markets rose Wednesday after China unveiled plans for $137 billion in extra debt to boost infrastructure spending, while oil extended losses on h
China said Tuesday it would issue sovereign bonds worth 1 trillion yuan ($137 billion) in a move seen as an attempt to shore up the economy after a sluggish post-Covid recovery.The bonds unveiled Tuesday will be distributed to local governments to support national disaster prevention and recovery and will be issued in the fourth quarter of this year, state news agency Xinhua said.
China Moves To Boost Economy With $137 Bn Sovereign Bond Issuance menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
China plans to issue sovereign bonds worth 1 trillion yuan ($137 billion) in the fourth quarter to support the economy after a slow post-Covid recovery. The bonds will be distributed to local governments for national disaster prevention and recovery efforts. China's economy grew more than expected in Q3 but remains below target, leading to calls for more stimulus. The move is seen as an unusual step to boost economic growth and help sustain the recovery momentum beyond Q4.