Doha: China's local governments issued new bonds worth about 1.49 trillion yuan (approximately 207.63 billion US dollars) in the first four months of 2025, data from the Ministry of Finance showed. The issuance reflects the country's efforts to support economic activities through fiscal measures.

According to Qatar News Agency, of the total bonds issued, special-purpose bonds accounted for over 1.19 trillion yuan, while general-purpose bonds amounted to 302.3 billion yuan. These bonds are part of the government's strategy to finance infrastructure projects and other key initiatives aimed at boosting economic growth.

By the end of April, outstanding local government debts stood at over 50.69 trillion yuan. This figure underscores the significant role that local government borrowing plays in China's fiscal landscape, as the government seeks to balance debt levels with economic growth objectives.

China has committed to implementing a more proactive fiscal policy in 2025 to support continued economic and social development. In line with this goal, the country has decided to issue 4.4 trillion yuan of local government special-purpose bonds this year. This represents an increase of 500 billion yuan compared to the previous year, as outlined in this year's government work report.