Free Trial

China has made significant progress.....>

CHINA PRESS
CHINA PRESS: China has made significant progress so far this year in limiting
local government debt, the Securities Times reported Thursday. Issuance of local
government bonds fell 24.3% in September compared with August, to CNY356
billion. In the first three quarters of the year, issuance was fell to CNY3.53
trillion, down 30.5% compared to the same period last year, the newspaper said.
The success was because of tighter regulation by the Ministry of Finance, the
newspaper argued. Also helping was a big decrease in outstanding debt because of
debt swaps, and the increased cost of bond issuance. (Securities Times)

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.