Econ and Finance - 24 Jun 2020

How to spend a trillion yuan

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Yesterday, the Ministry of Finance (MoF) clarified how it plans to use proceeds from its Special Treasury Bonds (STBs).

Some context: At the Two Sessions in May, the government announced that it would issue RMB 1 trillion of STBs to support the economy. This marks the first STB issuance sin...


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