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China could approve more than RMB3......>

CHINA PRESS
CHINA PRESS: China could approve more than RMB3 trillion in new local government
special purpose bonds in 2020, higher than the RMB2.15 trillion approved last
year, according to a report in the Securities Times. The Times cited Zhu
Jianfang, the chief economist with Citic Securities, who said that more of the
new bonds will be used on infrastructure projects to offset the economic impact
of the epidemic outbreak. 

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