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China is allowing some cites or.........>

CHINA PRESS
CHINA PRESS: China is allowing some cites or counties under debt pressure  to
issue local government bonds to replace some implicit debts as pilot projects in
Guizhou, Yunnan, Hunan, Gansu, Inner Mongolia and Liaoning provinces, the
newspaper said. the 21st Century Business Herald reported citing unidentified
sources. Some market participants estimate that the scale of hidden debt is
between CNY30-40 trillion, the newspaper added.  

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