How China Province Bonds Are Funding Local Factories

China Economy with Fexingo: Beijing's Policies, Trade, and Asia-Pacific Markets · Jun 11, 2026 · 8m · transcript

China bonds are booming specifically at the provincial level, and the money isn't going to infrastructure or housing — it's flowing directly into factory equipment. In this episode, Lucas and Luna examine why provincial government bonds now account for over 40 percent of new local debt issuance, what that means for the broader economy, and whether this capital injection can sustain China's industrial expansion without reigniting property speculation. Drawing on recent data including China's trade surplus narrowing and the yuan holding steady at 6.77 per dollar, the hosts…