SPBs, so hot right now
Subscribe to keep reading.
Sign up to stay briefed on what the Chinese government is doing, thinking, and saying.
Already a subscriber? Log in.
Special-purpose bonds (SPBs) are all the rage in Beijing – and central government officials want local governments to use them sooner rather than later.
ICYDK: Local governments use SPBs mainly to fund infrastructure and other major public projects.
At the March National People’s Congress, Pre...