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CHINA PRESS: China plans to sell $2 billion in bonds in September -- its first
sale of U.S.-dollar sovereign bonds in more than a decade, The Wall Street
Journal reported Thursday. After being absent from the international bond market
since 2004 the sale is a move by the China government to improve its standing
with international investors and draw interest to its bond market after the
government's tightening of capital outflows hurt credibility. The WSJ said most
buyers were expected to be domestic China investors and institutions and, if the
sale was successful, it would signal investors were confident in China's
economic growth and creditworthiness. (The Wall Street Journal)