The government plans to raise $160 billion in bonds to fund infrastructure projects over the next few years, sources said, in a sign the central government is intent on stepping up investment to spur the economy and meet spending pledges.
The central government plans to use a policy lender, the Agricultural Development Bank of China, and other development banks to issue more than 1 trillion yuan ($161 billion) in bonds, to fund big-city projects such as pipelines, water treatment or subway systems, three people familiar with the plan said on Friday.
Planners have announced ambitious infrastructure plans as the Chinese economy slowed, but they often provide few funding details.
