11 February 2020 – Increased local government debt limit

This item is sourced from COVID-19 Policy Watch co-ordinated by Policy. We are in the process of gathering further information and aligning taxonomies for these items.

Type of Intervention: Financial markets and monetary policy
Sectors Involved:
Level of Jurisdiction: National
Lead People/Agency:

Overview: The Ministry of Finance issued a new local government debt limit of ¥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