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China is expected to allow over.........>

CHINA PRESS
CHINA PRESS: China is expected to allow over CNY1.8 trillion of next year's
quota of local government bonds to be issued in advance, Securities Daily
reported. Citing Liu Chenhan, chief analyst at Northeast Securities, the report
said the total quota of local government bonds next year would be around CNY3.4
trillion, of which 20% can be used for capital projects which could then
leverage CNY2 trillion in project finance. 

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