China’s Desperate Bid to Revive Economy: Massive Debt Issuance and Stimulus Measures

Since August 2024, China has introduced a series of increasingly urgent measures to rejuvenate its struggling economy. The government’s most recent initiative involves issuing an extraordinary 2.3 trillion yuan ($330 billion) in special bonds over the next three months. This marks China’s largest stimulus effort since the 2008 global financial crisis. The People’s Bank of […]