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China Infrastructure Bond Sales to Peak In November: Daily

CHINA PRESS
MNI (Singapore)

China's issuance of local government special bonds to fund infrastructure projects may surge in November to over CNY700 billion, the Economic Information Daily reported citing industry estimates. Funds raised from new local government special bonds have mostly supported new projects since H2, with over 40% invested in transportation and urban facilities, which helps drive investments and stabilize the economy, the daily said. As the economic effect may take one or two quarters, the stimulus impact may register in Q4 or early next year, the newspaper said citing analysts.

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