China is set to issue 1 trillion yuan ($139 billion) in ultra-long special sovereign bonds in 2024, according to Reuters, a strategic move aimed at bolstering the world's second-largest economy. These off-budget special bonds, as stated by an official, are intended for funding key sectors such as food and energy. In a broader economic strategy, China is also focusing on transforming its growth model, making structural adjustments, and targeting a Consumer Price Index (CPI) growth of around 3% for the year, as per an official report. Additionally, the income from local government special bonds is expected to reach 3.9 trillion yuan, up from 3.8 trillion yuan in 2023, according to an official report. This is part of China's efforts to manage a national budget deficit projected at 4.06 trillion yuan for 2024.
China plans to issue 1 trillion yuan ($139 billion) of ultra-long special central government bonds this year in a rare move to shore up the worldβs second-largest economy https://t.co/wYSV6I3LcT
CHINA PLANS 1T YUAN OF ULTRA-LONG SPECIAL GOVT BONDS
π΄ CHINA TARGETS AROUND 3% CPI GROWTH FOR 2024
π΄ CHINA MUST PUSH AHEAD WITH TRANSFORMING GROWTH MODEL AND MAKING STRUCTURAL ADJUSTMENTS
π΄ CHINA ECONOMY IN 2024: FAVOURABLE CONDITIONS OUTWEIGH UNFAVOURABLE ONES
π΄ CHINA AIMS TO KEEP CPI AROUND 3% BY 2024: OFFICIAL REPORT
π΄ CHINA: INCOME FROM LOCAL GOVERNMENT SPECIAL BONDS TO REACH 3.9 TRILLION YUAN BY 2024, ACCORDING TO OFFICIAL REPORT
π΄ CHINA SETS 2024 LOCAL GOVERNMENT SPECIAL BOND QUOTA AT 3.9 TRILLION YUAN, UP FROM 3.8 TRILLION YUAN IN 2023
π΄ CHINA TO ISSUE 1.0 TRILLION YUAN IN ULTRA-LONG-TERM SPECIAL TREASURY BONDS IN 2024: OFFICIAL
π΄ CHINA EXPECTS 4.06 TRILLION YUAN NATIONAL BUDGET DEFICIT FOR 2024: OFFICIAL REPORT
#China is expected to announce plans for issuing 1 trillion yuan ($139 billion) in off-budget special sovereign bonds that could be used for funding strategically important sectors such as food and energy.-Reuters https://t.co/9mS3ho7KVX