China Issues Over $207 Billion in New Bonds in 4 Months

The Chinese Ministry of Finance announced that new bonds worth approximately 1.49 trillion yuan (approximately $207.63 billion) were issued during the first four months of the year.

The ministry explained in a statement that the value of special-purpose bond issuances amounted to more than 1.19 trillion yuan, while the value of general bond issuances amounted to 302.3 billion yuan.

It indicated that outstanding local government debts reached more than 50.69 trillion yuan by the end of last April.

China has pledged a more proactive fiscal policy this year to support sustainable economic and social development and has decided to issue 4.4 trillion yuan of special-purpose local government bonds in 2025, an increase of 500 billion yuan over last year.