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China s 1 trillion yuan sovereign debt plan offers positive growth implications , Beijing eager to strengthen down the road

National People’s Congress ratifies plan to raise China’s budget deficit ratio, approving 1 trillion yuan (US$137 billion) of sovereign bonds and allowing local governments to front-load part of their 2024 bond quota.

Luo zhihengYuekai securities research institute onCountry gardenYuekai securities research instituteEconomist intelligence unit

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