Shane Solly: Harbour Asset Management spokesperson on China's efforts to stimulate its economy

from Best of Business · host Newstalk ZB

Over in China, officials have outlined plans to further stimulate the economy amid an ongoing downturn. China's Ministry of Finance announced that China would issue special sovereign bonds to recapitalise its largest state owned banks. It would also allow local Governments to use RMB 2.3 trn of local Government special bonds to buy unsold homes. Harbour Asset Management's Shane Solly explains what this development might mean for the markets. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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