(International)China “Significant Expansion of Public Debt”Issuance of Special Government Bonds”

China decided to issue special government bonds and significantly increase public debt in order to increase the capital of state-owned banks.

Chinese Finance Minister Ran Po-an held a press conference today and announced the economic recovery plan.

explained to the Chinese central bank that it had relatively significant room to increase its debt.

He also added that subsidies for low-income families and students would also be increased.

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