China allocates 550 billion yuan unused debt quotas
China allocated 550 billion yuan ($82 billion) of unused government debt quotas to support local government finances and expand infrastructure investment.
China allocated 550 billion yuan ($82 billion) in unused government debt quotas on Friday to support local government finances and expand infrastructure investment, as it increases support for an economy facing weak consumption and investment. The move follows a run of soft economic readings that have added pressure on policymakers.