EconomyChina’s $119 billion policy financing tool opens project applications amid rollout concerns

China has begun accepting applications for an 800 billion yuan ($119 billion) policy-based financing tool intended for local government projects and to support slowing economic growth. A securities firm said delays in its subsequent rollout could curb its impact this year.

China economypolicy financinglocal governments

RReuters★★★★☆2026-08-24 15:01Original