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Coronavirus: China should raise US$700 billion from special bonds to kick-start economy, top adviser says

Summary:
[unable to retrieve full-text content]China should look to raise up to 5 trillion yuan (US0.5 billion) from the sale of special bonds to stimulate the economy after the “unprecedented impact” of the coronavirus pandemic, a top government adviser said.The funds created by the debt sale – which would be in addition to already budgeted spending – were necessary to drive investment and restore consumer confidence, both of which had been ravaged by the health crisis, Liu Shangxi, president of the Chinese Academy of Fiscal Sciences,…

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[unable to retrieve full-text content]
China should look to raise up to 5 trillion yuan (US$700.5 billion) from the sale of special bonds to stimulate the economy after the “unprecedented impact” of the coronavirus pandemic, a top government adviser said.The funds created by the debt sale – which would be in addition to already budgeted spending – were necessary to drive investment and restore consumer confidence, both of which had been ravaged by the health crisis, Liu Shangxi, president of the Chinese Academy of Fiscal Sciences,…

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