Economy

China approves $139bn in new bonds to bolster economic recovery

First budget revision in years as fresh stimulus widens deficit target to 3.8%

CK TAN, Nikkei staff writer
October 25, 2023 15:18 JST

SHANGHAI -- China has approved issuing 1 trillion yuan ($139 billion) in new bonds, marking its first budget revision in years as it looks to boost confidence amid tepid signs of an economic recovery.

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