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25th Oct 2023 17:26China+, Daily Monitor

  • China said on Tuesday it will issue RMB1T of special treasury bonds for post-disaster rebuilding.
  • Local governments have also issued more than RMB900B in debt-refinancing bonds this month.
  • Fiscal stimulus, equivalent to 1.2% of GDP, is acting as a growth buffer against the property-sector drag.

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Keywords for: 26 October 2023 China+ Monitor

Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence