China Sees Growth of ‘Virus Bond’ Bailouts

More than 30 billion yuan issued through Feb. 20

Chinese nationals, whose flight was cancelled after the Philippine government imposed travel restrictions to and from China amid the outbreak of the novel coronavirus, wait outside the closed ticketing office of China Eastern Airlines at the Ninoy Aquino International Airport in Manila, Philippines, on Feb. 3, 2020. Ezra Acayan/Getty Images

News Analysis

War bonds were once sold by the United States government to finance operations during World War II. Today, China has “virus bonds.”