China set to approve circa US$137billion in additional sovereign debt issuance on Tuesday

<p>ICYMI from earlier, Reuters report citing three unnamed sources.</p><ul><li>China is set to approve slightly more than 1 trillion yuan in additional sovereign debt issuance on Tuesday.</li><li>The Chinese Communist Party is ramping up efforts to boost infrastructure spending and encourage economic growth.</li></ul><p> The standing committee of the National People's Congress (NPC), are set to approve the extra debt issuance on the last day of a meeting</p><ul><li>The meeting ran from October 20 to 24 (Tuesday is the 24th)</li></ul>

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