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China Should Strengthen Local Debt Regulations: Daily

CHINA PRESS

China should cap this year's issuance of local govt bonds at CNY3 trillion and focus on resolving risks in previously issued debts, the Securities Daily reported citing Zhang Yiqun, a member of the Society of Public Finance. China should establish the scope and usage of government financing bonds while providing policy tools to help transform existing debts, the Daily said citing Zhang.

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