HomeEconomyChina to issue bonds...

China to issue bonds worth $41 billion

Photo: Getty Images

As part of the initiative, subsidies will be provided for consumers of household appliances such as televisions, air conditioners and computers, amounting to 15-20% of their cost.

China will issue 300 billion yuan ($41.40 billion) in super-long debt bonds to support a program to upgrade equipment and exchange consumer goods as part of a boost to economic renewal. Reuters wrote this on Thursday, July 25.

Almost half of the planned bond funds will be used to stimulate consumer demand, according to the National Development and Reform Commission (NDRC).

As part of an initiative for buyers of new electric vehicles, China will increase subsidies to 15,000-20,000 yuan.

There are also subsidies for those buying household appliances such as televisions, air conditioners and computers, which will amount to 15-20% of their cost, but not exceeding 2,000 yuan per unit.

Authorities prohibited local governments from using bond proceeds to pay local debts and balance budgets.

It will be remembered that China’s economic growth has slowed down. Key indicators show growth at a slower rate than forecast.

New Correspondent.net on Telegram and WhatsApp. Subscribe to our channels Athletistic and WhatsApp

Source: korrespondent

- A word from our sponsors -

Most Popular

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More from Author

- A word from our sponsors -

Read Now

By June 24, the victims of the Russian missile attack were rolled up in Dnieper

In the Dnieper, the number of dead attacks in the city, which was applied on June 24, increased as a result of a missile attack. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } ...

Ukraine will not receive spam-Bellers-Federals

Ukrainians will no longer receive spam calls. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } This was declared by the Minister of Digital Transformation Mikhail Fedorov in his telegram on...