
More recent developments

Shaanxi to follow Beijing in early government bond redemptions
Shaanxi is set to become the second province to repay government bonds ahead of schedule. In August 2023, Beijing became the first, when it repaid RMB 39 million of principal from an RMB 8.4 billion special-purpose bond (SPB) due in… Read More »

Beijing considers using bank loans to repay local government arrears
Beijing is reportedly considering allowing local governments to repay arrears with bank loans. Some context: In recent years, local governments have deferred payments to contractors, suppliers, and even state employees to cope with mounting financial strain. That’s dampened business and… Read More »

He Lifeng to meet US Treasury Secretary next week
Vice Premier He Lifeng will meet with US Treasury Secretary Scott Bessent next week in Madrid, Spain. Per a US Treasury statement released to Reuters, the pair will discuss: “Trade, economic and national security issues” “The status of the Chinese-owned… Read More »