Last year China issued 1 trillion yuan in special bonds to push the official 3% deficit to 3.8%; this year they again issued 1 trillion in special long-dated bonds off-budget; the expected new stimulus package of 2 trillion yuan would approximately match last year's extraordinary measures.
factualpending
Speaker
Brian McCarthyEvidence Quote
“last year they did an extra trillion of special bonds to push it to 38... this year they did do a trillion uh special bond... they've done an extra trillion already... I think it's two trillion”
Created: 8/10/2026, 11:05:04 PM
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