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A total of CNY3.98 trillion in local....>

CHINA PRESS
CHINA PRESS: A total of CNY3.98 trillion in local bonds have been issued in
China so far this year, with CNY2.90 trillion in local government bonds,
according to data from the Ministry of Finance. The local government figure
comprises new special bonds of CNY2.01 trillion. Commenting on the data,
Securities Times said the local debt funds are being used to stabilize
investment. 

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