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China Press

By Archie Zhang
     BEIJING (MNI) - China may increase the issuance of special purpose
government bonds to CNY3 trillion in 2020, according to Ming Ming, Deputy Head
of the Research Department at Citic Securities. Ming's comments were reported in
the China Securities Journal in a report which also cites several other
analysts. Zhu Jianfang, Chief Economist with Citic Securities, told the Journal
the central government would tolerate an increase in the broad deficit in 2020
and use innovative policies to alleviate the debt burden of local governments.
Zhang Xu, Chief Analyst with Everbright Securities said the central bank may
lower interest rates again in December. 
--MNI Beijing Bureau; +86 (10) 8532-5998; email: archie.zhang@marketnews.com
--MNI Sydney Bureau; +61 405322399; email: lachlan.colquhoun.ext@marketnews.com
[TOPICS: M$A$$$,M$Q$$$]

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