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China vows to swiftly carry out 1t yuan bond plan, in bid to further consolidate economic recovery

From en.people.cn

Chinese officials on Wednesday vowed to swiftly carry out a plan to issue an additional 1 trillion yuan ($137 billion) in special treasury bonds in the fourth quarter, which marks only a few times in history that China has issued special treasury bonds, maintaining that such a move will help further consolidate the positive recovery trend of the Chinese economy, while ensuring the country's debt level is still controllable. The plan, which was approved by the country's top legislature on Tuesday, evidently helped boost market expectations and confidence in the Chinese economy, as major Chinese stock indexes made ... (full story)

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  • Category: Fundamental Analysis