BEIJING -- China is on track to issue more than 1.5 trillion yuan ($224 billion) in local government bonds during June, a monthly record underwriting infrastructure investments designed to stimulate the economy.
Local governments nationwide have issued 1.41 trillion yuan in bonds this month through Sunday, Chinese media report, up nearly 80% from June 2021. This figure tops the record of 1.3 trillion yuan in May 2020, when China was focused on stabilizing its economy from the initial coronavirus shock.
