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Economy booster: China to issue $137 billion worth sovereign debt
Credit: IndiaTimes- Published on October 25, 2023
China's top parliament body has approved a 1 trillion yuan ($137 billion) sovereign bond issue to support the economy. The funds raised from the bonds will be used to rebuild disaster-hit areas and improve infrastructure for natural disaster prevention. This move will widen the country's 2023 budget deficit to around 3.8% of GDP....
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