Peking to market bonds to lick inflation, deficit

China announced it would soon sell its first domestic government bonds since the Cultural Revolution, with a 5 billion yuan ($3.1 billion) issue designed to soak up idle capital. An official newspaper said the bonds would be aimed mainly at state-owned and collectively owned enterprises and local government departments with surplus funds. The Peking Evening News said the 10-year bonds would also be sold to individuals, but not be available to foreigners. The sources said the issue of the securities was an attempt to control infla tion and to reduce the government's deficit.

Share this story:

We want to hear, did we miss an angle we should have covered? Should we come back to this topic? Or just give us a rating for this story. We want to hear from you.

Loading...

Loading...

Loading...

Save for later

Save
Cancel

Saved ( of items)

This item has been saved to read later from any device.
Access saved items through your user name at the top of the page.

View Saved Items

OK

Failed to save

You reached the limit of 20 saved items.
Please visit following link to manage you saved items.

View Saved Items

OK

Failed to save

You have already saved this item.

View Saved Items

OK