Researches & Commentaries
2020.7.24
2020H1 China’s Local Government Special Bonds Review and Outlook: RMB2 Trillion Special Bonds Go to Infrastructure Construction and More to Be Expected in 2020H2 to Maintain Stable Growth
Hong Kong, 24 July 2020 -- China Chengxin International Credit Rating Co., Ltd. (“CCXI”) issued a report entitled “2020H1 Review and Outlook of Local Government Special Bonds: RMB2 Trillion Special Bonds Go to Infrastructure Construction and More to Be Expected in H2 to Maintain Stable Growth”. In the Report, CCXI indicated that given the globally sweeping COVID-19 pandemic and the stark pressure from economic downturn, special bonds as an important tool of proactive fiscal policy have gradually grown into one of major stabilizers for economic growth.