APAC news roundup: economic booster shots

Author: Karry Lai | Published: 26 Feb 2019
Chinese authorities are giving the economy a boost

Amid the ongoing trade war with the US, China plans to increase its local debt issuances in 2019 to RMB 1.39 trillion ($202 billion), including local government bonds, to boost infrastructure investment. That total will be comprised of 810 billion yuan of special bonds, and 580 billion yuan of general bonds. The approval for the 2019 quota – usually announced later in spring – comes ahead of schedule this time around.

Chinese premier Li Keqiang has reduced reserve requirement ratios for banks in an effort to boost lending. The cut in reserves is the fifth in a year, and will free up approximately $116 billion for lending. The new reserve requirement ratios are...