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 McCarthy

Evidence 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

Source

China’s Economic House Of Cards Is Collapsing | Brian McCarthyThe Monetary Matters Network
Created: 8/10/2026, 11:05:04 PM

My Notes

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