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China Special Bonds Issuance May Decline in 2021: Daily

CHINA PRESS

China may issue a lower CNY3 trillion in new special local government bonds in 2021, down from last year's 3.75 trillion as control over the coronavirus outbreak allows the government to scale back borrowing and tackle the risk of ballooning debts, the Securities Daily reported cited Zhang Yiqun, a member of the Society of Public Finance of China affiliated with the Ministry of Finance. China should relax the time limit for special bond issuance, expand the scope of usage, and redirect funds according to the needs of specific projects, the newspaper said citing Minister of Finance Liu Kun.

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