As of August 2, 2026, local government bond issuance totaled approximately RMB 6.61 trillion, including RMB 2.41 trillion of new special bonds. This represents 55% of the annual quota of RMB 4.4 trillion, below the 63.1% pace in the same period of 2025. Guangdong led with RMB 287.025 billion, followed by six other provinces. The Politburo has urged faster use of fiscal funds and bond proceeds.
China State Construction has secured several major projects with a combined value of RMB 13.39 billion, representing 0.6% of its audited revenue for 2025. The projects include the Beijing Yunmengshanju elderly care community (RMB 3.59 billion), the Liaoning Hengli Heavy Industry Dalian shipyard (RMB 2.51 billion), the Shenzhen Xili station construction (RMB 4.70 billion), and the Xinjiang Tacheng Shencheng intelligent computing center (RMB 2.59 billion).