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China Should Use Special Bonds on High-tech: Securities Times

CHINA PRESS
MNI (Sydney)

China should consider widening the use of local government special bonds to boost high-tech developments such as big data, the Internet of Things and smart cities, the Securities Times said in a front-page commentary. The proceeds from the record issuance of special bonds this year have not been matched with a sufficient number of profitable projects, and some local governments are presenting less profitable projects that may incur default risks, the newspaper said.

MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com

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