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China issues $193B in long-term bonds
The Chinese government has issued long-term special treasury bonds totaling up to 1.3 trillion yuan (approximately $193 billion) for 2026, aimed at funding national strategic projects, enhancing security capabilities, and supporting equipment modernization programs and the replacement of outdated consumer goods. This issuance aligns with a government plan to finance several initiatives, including strengthening security capacities, stimulating consumption, and boosting domestic demand. The government has allocated 800 billion yuan for these objectives, including 250 billion for replacing goods, 200 billion for equipment upgrades, and 50 billion for establishing a financial and banking coordination fund. This type of bond is an important tool in China’s fiscal policy, with continuous issuance since 2024 to support economic growth and achieve long-term strategic objectives.
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