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Stanchart Expects CN 2025 Govt Bond Net Issuance to Grow by ~40% to RMB15.6T, Logging New High
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Stanchart expected the Chinese government to set its 2025 economic growth target at 5%, and a materially more expansionary fiscal policy will be needed to achieve such goals. Stanchart forecasted that the government bond net issuance will increase by 38% YoY to a record high of RMB15.6 trillion this year, equivalent to about 11% of GDP in 2025. Of which, it is expected that the central government bond net issuance will increase by 74% to RMB7.82 trillion, while the local government bond net issuance will rise by 14% to RMB7.78 trillion. AAStocks Financial News |
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