China’s local governments accelerating the pace of borrowing for infrastructure investment

<p><a href="https://www.bloomberg.com/news/articles/2023-08-31/china-speeds-up-infrastructure-bond-sales-to-boost-spending-for-economy#:~:text=China's%20local%20governments%20are%20accelerating,month%2C%20according%20to%20Bloomberg%20calculations." target="_blank" rel="nofollow">Bloomberg with the report (gated)</a> that China’s local governments are accelerating the pace of borrowing for infrastructure investment.</p><ul><li>This will be supportive of economic growth, and of course increasing China's debt load, a move that could pressure financial markets.</li><li> Provincial governments sold the most amount of special bonds in more than a year in August says the report. </li></ul><p>More at that link above if you are able to access Bloomberg.</p>

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