China to issue 100B yuan of special government bonds for COVID-19 control

0 Comment(s)Print E-mail Xinhua, June 16, 2020
Adjust font size:
People shop at a night market in Shanghai, east China, June 15, 2020. [Photo/Xinhua]

China will issue 100 billion yuan (about 14.1 billion U.S. dollars) of special government bonds for COVID-19 control measures in a bid to balance epidemic control with economic and social development, the Ministry of Finance (MOF) said Monday.

The MOF will issue two batches of fixed-rate special bonds, including 50 billion yuan of five-year bonds and 50 billion yuan of seven-year bonds, the MOF said in a statement.

Both will be listed and traded on June 23, 2020.

China will pursue a more proactive and impactful fiscal policy, setting its fiscal deficit above 3.6 percent of GDP and issuing 1 trillion yuan of government bonds for COVID-19 control this year to release more funds for companies and individuals.

Follow China.org.cn on Twitter and Facebook to join the conversation.
ChinaNews App Download
Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter