China State Council Pledges Faster Bond Issuance to Support Growth

Key Facts

China's State Council pledged to accelerate bond issuance and strengthen policy support to stabilize investment and the property market. ING Think reported that the Council signaled a need to intensify countercyclical adjustments in response to current economic challenges. Officials also called for optimizing fiscal expenditure arrangements and making effective use of local government debt balance limits.

The move follows months of soft economic data as policymakers seek to promote income growth and employment amid slowing industrial profits. These measures aim to support 2026 growth targets at a time when exports remain the primary source of economic strength while domestic demand has softened.