Econ and Finance - 09 Dec 2020

SPBs on a slippery slope

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On Tuesday, former minister of finance Lou Jiwei raised some doubts about prevailing fiscal policies at a seminar in Ningbo.

His message: Cut down on special purpose bonds (SPBs) issuance.

Some context: SPBs – which are used to fund infrastructure projects and whose issuance has rea...


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