China's Local Government Debt Balance at 16.61 tln Yuan by End March
China's local government debt balance stood at 16.61 trillion yuan (2.64 trillion U.S. dollars) at the end of March, well within the official limit, according to the Ministry of Finance showed.
The country's top legislative body has decided that the upper limit for local government debt this year should be 20.99 trillion yuan.
China issued local government bonds worth 191 billion yuan in March and 219.5 billion yuan in the first three months of this year, all for debt swaps.
China has made bond issuance the sole legal way for local governments to raise debt amid the nation's efforts to forestall systemic financial crisis, the country's finance minister said last Month.
Looking for chemical products? Let suppliers reach out to you!
You May Interested In
2026-06-21
-
Fine Chemicals Industry Overview Dec.2025
Insight into Structural Shifts, Capturing Long-Term Value in Fine Chemicals. Available for Permanent Download.Published in: Jan. 2026
Trade Alert
Delivering the latest product trends and industry news straight to your inbox.
(We'll never share your email address with a third-party.)
Related News
-
Global Countries Impose Tariffs on Chinese Chemical Products
-
China Suspends Sulfuric Acid Exports, Global Copper and Fertilizer Supply Under Strain
-
U.S. Issues Final Anti-Dumping Ruling on Chinese MDI: Dumping Margins Reduced from Over 500% to 85%+
-
DKSH Expands Partnership with Assessa to Distribute Botanical Ingredients Across China
-
A Comprehensive Overview of China’s Special Engineering Materials Market: How Should the Industry Rebuild Its Capabilities Amid Growing Downstream Pressure?
-
India Extends Anti-Dumping Duties on Aniline Imports from China for Five More Years
-
China's Zero Tariff Policy for African Products Brings Opportunities to the Cosmetics and Personal Care Products Industry
-
The United States Lifts Restrictions on Ethane Exports to China, and Trade Relations Show Signs of Easing
-
Iraq and China Cooperate to Launch Large Petrochemical Plant and Green Industrial City
-
South Korean Company Unid Builds New Potassium Hydroxide Plant in Yichang
Recommend Reading
-
Sinopec Builds 146 Hydrogen Refueling Stations, Ranking Among the World’s Largest Operators
-
Sika Impacted by Weaker Dollar in H1, Lowers Full-Year Sales Guidance
-
Forced to "cut"! South Korean Petrochemical Giants Forced to Cut Production by 25%
-
Sekisui Chemical Announces Sixth Plant in India
-
Polyvantis Opens Shanghai Technical Center
-
In November, China's propylene oxide market first rose then fell
-
Styrene-butadiene rubber market conditions remain weak
-
Business Society BPI Index October Price Fluctuation Analysis and November Forecast
-
The domestic butadiene rubber market shows a slight weakening
-
Essential Demand Drives Acrylic Market to Trade Sideways