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Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
BEIJING, Oct. 25 (Xinhua) — Local governments across China issued new bonds worth approximately 4.36 trillion yuan (about 614.7 billion U.S. dollars) in the first nine months of 2025, according to data released by the Ministry of Finance on Friday.
The volume of ordinary bonds issued amounted to 675.8 billion yuan, while that of targeted bonds amounted to about 3.69 trillion yuan.
As of the end of September, the outstanding debt obligations of local governments nationwide amounted to approximately 53.7 trillion yuan, according to data from the aforementioned department.
This year, China plans to implement more proactive financial policy measures to support sustainable socioeconomic development. According to this year's government work report, the country plans to issue 4.4 trillion yuan of local government bonds this year, an increase of 500 billion yuan from the previous year.
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