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China Speeds Up Bond Issuance to Boost Investment: Journal

CHINA PRESS
MNI (Sydney)

China is accelerating the issuance of local government bonds to boost investment with CNY1.2 trillion sold in August, the second highest monthly offering this year, the Shanghai Securities Journal reported. August is suitable for construction, so more funds were invested in shantytown and urban community renewal projects where the economic impact took place immediately, the newspaper said citing Zhang Yiqun, a researcher at the Society of Public Finance of China. Among CNY4.96 trillion in local government bonds issued in the first eight months, about 30% are used for infrastructure projects, 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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