Skip to content
Subscriber Only

China Lets Local Governments Sell More Debt Early Amid Outbreak

A pedestrian wearing a protective mask walks through a street in the Lujiazui Financial District of Shanghai.

A pedestrian wearing a protective mask walks through a street in the Lujiazui Financial District of Shanghai.

Photographer: Qilai Shen/Bloomberg

Sign up for Next China, a weekly email on where the nation stands now and where it's going next.

China will allow local governments to sell another 848 billion yuan ($122 billion) of debt before March, as authorities seek to offset the economic shock of the coronavirus.