Type of Intervention: Financial markets and monetary policy
Level of Jurisdiction: National
Overview: The Ministry of Finance issued a new local government debt limit of Â¥1,848 billion.
The increase is intended to allow local governments to do a better job of issuing and using special bonds to stimulate the economy.
Full details here: http://yss.mof.gov.cn/gongzuodongtai/202002/t20200211_3468495.htm