ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter

China's outstanding local gov't debt rise to 16.63 tn yuan at end of May

BEIJING (Reuters) -- China's outstanding local government debt was 16.63 trillion yuan ($2.60 trillion) at the end of May, the finance ministry said on Wednesday, up from 16.61 trillion yuan a month earlier.

In May, local governments issued a total of 355.3 billion yuan worth of bonds, the Ministry of Finance said in a statement on its website. A majority of the bonds were bond swaps from higher-cost, maturing debt into lower-cost, longer-term bonds.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more