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China rushes bond sales to spur COVID-hit economy, more seen needed
Chinese provinces are racing to issue some $225 billion of bonds in June, frontloading investment to revive the COVID-battered economy even as policy advisers step up calls for further debt issuance in the second half. China's cabinet unveiled a raft of policy measures last week to support an economy jolted by stringent COVID-19 curbs, but analysts believe more stimulus will be needed to help sustain a recovery.The cabinet told local governments on Tuesday to ensure 2022's 3.45 trillion yuan ($518 billion) in special bond issuance for infrastructure is completed by the end of June, bringing the deadline forward by ... (full story)