China vice fin min says govmt debt level is within a reasonable range

<p>China's Vice Finance Minister remarks crossing:</p><ul><li>
Govt debt level is still within a reasonable range despite a modest rise in the budget deficit ratio this year</li><li>The usage of new
sovereign bonds can drive up domestic demand actively, and further
consolidate economic recovery</li><li>China will watch the macro economy and bond markets closely and ensure smooth bond issuance and avoid leaving the funds idle</li></ul><p>—</p><p>On the bonds he is referring to:</p><ul><li><a href="https://www.forexlive.com/news/icymi-china-will-issue-an-additional-1-trillion-yuan-137-bn-in-treasury-bonds-in-q4-20231024/" target="_blank" rel="follow" data-article-link="true">ICYMI – China will issue an additional 1 trillion yuan ($137 bn) in treasury bonds in Q4</a></li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.