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At an Aug. 21 press briefing, Ministry of Finance Deputy Minister Liao Min said more than CNY2.0 tln of local government special bonds and ultra‑long‑term special sovereign bonds remain to be issued and deployed in H2. He added the pending issue is l

2026-08-21

At an Aug. 21 press briefing, Ministry of Finance Deputy Minister Liao Min said more than CNY2.0 tln of local government special bonds and ultra‑long‑term special sovereign bonds remain to be issued and deployed in H2. He added the pending issue is large versus the same period in prior years and will help sustain policy intensity.

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U.S. Treasury Secretary Bessenter: The deficit has temporarily worsened due to tariff refunds.

U.S. Treasury Secretary Bessenter: The deficit has temporarily worsened due to tariff refunds.
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