Against the backdrop of the ongoing US and China trade
war, China is creating policies to boost its weakening economy.
But how will these sit with its continuous efforts on
Faced with the effects of President Trump's tariffs on
Chinese goods and an economic slowdown, the PRC has encouraged
local governments to increase support for infrastructure
spending. For instance, caps on the amount of debt that banks
can underwrite for local government bonds were removed in
September to encourage more issuances by the end of 2018. There
was previously a ceiling of...